Ivory Coast Inflation Rate at Over 3-1/2-Year Low

The annual inflation rate in Ivory Coast fell to 2.8% in September 2024, down from August’s three-month high of 4.5%.

It was the lowest inflation rate since January 2021, as food prices saw their softest increase since November 2020 (2.4% vs 7.0% in August), due to lower costs of oils and fats, fresh vegetables, and milk, cheese, and eggs.

Additionally, prices moderated for both housing (7.2% vs 8.1%) and transport (1.9% vs 3.0%).

On a monthly basis, consumer prices dropped 1.1% in September, marking the first monthly decline in eight months and the steepest fall since February 2019, after edging up 0.1% in August.