Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Burkina Faso
- 1994↑ Upward pressure
The CFA franc devaluation ↗ — Wikipedia (opens in a new tab)
The 50-percent CFA-franc devaluation doubled the cost of imports from outside the currency zone. Burkina Faso's price level jumped 27.9 percent in the first half of 1994 before controls and regional substitution limited further increases.
- 2008↑ Upward pressure
The world food price crisis ↗ — Wikipedia (opens in a new tab)
Higher food and oil prices combined with floods affecting a third of the country, pushing Burkina Faso's inflation to a 2008 peak and prompting subsidies and suspended fuel pass-through.
- 2022↑ Upward pressure
The post-pandemic inflation surge ↗ — Wikipedia (opens in a new tab)
Food prices rose 23.4 percent in 2022 amid insecurity and climate vulnerability, leaving Burkina Faso with the highest inflation rate in WAEMU.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.