The inflation rate in Benin was recorded at 3.90 percent in June of 2020.

Inflation Rate in Benin averaged 2.11 percent from 2001 until 2020, reaching an all time high of 15.20 percent in August of 2008 and a record low of -3.80 percent in April of 2017. This page provides the latest reported value for - Benin Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Benin Inflation Rate - values, historical data and charts - was last updated on July of 2020.

Inflation Rate in Benin is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Benin to stand at 4.10 in 12 months time. In the long-term, the Benin Inflation Rate is projected to trend around 4.10 percent in 2021 and 3.70 percent in 2022, according to our econometric models.

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Benin Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.90 2.20 15.20 -3.80 2001 - 2020 percent Monthly
2014=100, NSA

Benin Prices Last Previous Highest Lowest Unit
Inflation Rate 3.90 2.20 15.20 -3.80 percent [+]
Food Inflation 3.00 -1.00 14.86 -6.70 percent [+]
Inflation Rate Mom -0.10 0.70 5.00 -2.60 percent [+]
Cpi Housing Utilities 102.90 103.30 118.90 96.60 points [+]
CPI Transportation 105.70 106.70 140.50 91.20 points [+]
Consumer Price Index CPI 104.40 104.50 104.50 88.70 points [+]


Benin Inflation Rate
In Benin, the main components of the consumer price index are: Food and Non-Alcoholic Beverages (37.5 percent of total weight); Restaurants and Hotels (11.6 percent); Transports (11 percent) and Housing and Utilities (10.9 percent). Others include: Education (5.6 percent); Clothing and Footwear (5.1 percent); Miscellaneous Goods and Services (4.9 percent) and Health (4.6 percent). Communication, Household Contents, Equipment and Maintenance, Recreation and Culture and Alcoholic Beverages and Tobacco account for the remaining 8.8 percent of total weight. .