Development of inflation rates in Sierra Leone
The inflation rate for consumer prices in Sierra Leone moved over the past 39 years between -3.3% and 178.7%. For 2019, an inflation rate of 14.8% was calculated.
During the observation period from 1980 to 2019, the average inflation rate was 32.2%
per year. Overall, the price increase was 1,597,162.64 %. An item that cost 100 Leone in 1980 was so charged 1,597,262.64 Leone in the beginning of 2020.
In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Sierra Leone