The annual inflation rate in Ivory Coast fell to 0.4 percent in August 2019 from 1.2 percent in the previous month. It was the lowest inflation rate since February, mainly due to prices of food & non-alcoholic beverages (0.2 percent vs 2.5 percent in July), namely vegetables (-0.1 percent vs 2.8 percent) and housing & utilities (0.2 percent vs 0.7 percent). Also, cost fell for restaurants & hotels (-1.4 percent vs 0.8 percent) and miscellaneous goods & services (-0.1 percent vs -0.8 percent); recreation & culture (-0.9 percent vs 0.8 percent); furnishings (-0.2 percent vs 0.7 percent) and alcoholic beverages & tobacco (-0.5 percent vs -1.6 percent). Meanwhile, prices advanced faster for transport (2.2 percent vs 0.7 percent). On a monthly basis, consumer prices declined 1 percent, following a 0.3 percent drop in the prior month. Inflation Rate in Ivory Coast averaged 2.31 percent from 2000 until 2019, 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 1.20 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 1.40 in 12 months time. In the long-term, the Ivory Coast Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.