The annual inflation rate in Sao Tome and Principe fell to 7 percent in August 2019 from 8.2 percent in the previous month. It was the lowest inflation rate since July last year. On a monthly basis, consumer prices went up 0.4 percent, after increasing 0.1 percent in the prior month. Inflation Rate in Sao Tome and Principe averaged 14.86 percent from 1997 until 2019, reaching an all time high of 86.80 percent in February of 1998 and a record low of 3.50 percent in May of 2017.
Inflation Rate in Sao Tome and Principe is expected to be 8.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Sao Tome and Principe to stand at 7.30 in 12 months time. In the long-term, the Sao Tome and Principe Inflation Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.