The annual inflation rate in Ivory Coast rose to 0.8 percent in October of 2018 from 0.5 percent in the previous month. Prices rebounded for food and non-alcoholic beverages (0.5 percent compared to -0.6 percent in September) and health (1.2 percent compared to -2.7 percent). Also, prices increased faster for housing and utilities (3.1 percent compared to 2.2 percent); transportation (1.2 percent compared to 1.1 percent); and miscellaneous goods and services (2.2 percent compared to 2.0 percent). Additionally, cost of restaurant and hotels fell at a softer pace (-0.2 percent compared to -0.3 percent). On the other hand, prices eased for clothing and footwear (1.3 percent compared to 1.4 percent) and furnishings and household equipment (2.0 percent compared to 6.6 percent) and dropped further for communication (-2.7 percent compared to -2.5 percent). On a monthly basis, consumer prices went up 0.2 percent, after declining 0.7 percent in the prior month. Inflation Rate in Ivory Coast averaged 2.37 percent from 2000 until 2018, reaching an all time high of 9.63 percent in September of 2008 and a record low of -3.84 percent in April of 2012.
Inflation Rate in Ivory Coast is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ivory Coast to stand at 3.00 in 12 months time. In the long-term, the Ivory Coast Inflation Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.