Average inflation measured by CPI reached 6.52 % in 2018 in Gambia, according to the National Statistical Office. This is 19.0 % less than in the previous year.
Historically, average inflation measured by CPI in Gambia reached an all time high of 56.6 % in 1986 and an all time low of -4.54 % in 1964. When compared to Gambia's main peers, average inflation measured by CPI in Guinea Bissau amounted to 0.381 %, 1.73 % in Mali, 3.05 % in Mauritania and 0.455 % in Senegal in 2018.
Gambia has been ranked 29th within the group of 175 countries we follow in terms of average inflation measured by CPI, 113 places above the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.