The annual inflation rate in Ivory Coast increased to 2.1 percent in January 2019 from 1.0 percent in the previous month. It is the highest inflation rate since May 2016, amid rising prices of food & non-alcoholic beverages (6% vs 0.2% in December), mostly fruits (9.5% vs -4.4%) and fish (3.4% vs -3.8%); and transport (2.2% vs 1.5%). Conversely, inflation slowed for housing & utilities (0.7% vs 3.6%); miscellaneous goods & services (2.8% vs 5.2%) and clothing & footwear (1% vs 2.1%). In addition, cost fell for restaurants & hotels (-0.4% vs -0.8%); recreation & culture (-0.7% vs -0.4%) and communication (-1.9% vs -2.1%). On a monthly basis, consumer prices decreased 0.5 percent, after increasing 0.1 percent. Inflation Rate in Ivory Coast averaged 2.36 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 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ivory Coast to stand at 1.00 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.