Inflation Rate (CPI): Togo

Analysis# Togo Inflation Rate (CPI) Togo's inflation rate stands at 4.5% in 2026, representing a substantial decline from its catastrophic peak of 35.3% in 1994. The country has reduced inflation by 63.4% since 1980, when measurements began. The current level remains moderate compared to historical extremes, including a deflationary period of -3.5% in 1984. Over the past five decades, Togo has broadly shifted toward price stability, though recent years reveal volatility within a narrower band. The most significant turning point occurred between 2021 and 2022, when inflation surged from 4.5% to 7.6%—likely reflecting global commodity shocks and pandemic-related pressures. Since that peak, the rate has moderated considerably, declining to 2.4% in 2025 before rising slightly to 4.5% in 2026. The near-term outlook suggests stabilization around current levels, with inflation contained well below the double-digit thresholds that plagued earlier decades.