The annual inflation rate in Senegal increased to 1.3 percent in December of 2018 from 0.5 percent in the previous month. It was the highest inflation rate since February, as prices rose further for food & non-alcoholic beverages (3.0 percent from 1.0 percent in November) and alcoholic beverages & tobacco (11.7 percent from 11.3 percent). Also, cost fell at a softer pace for clothing & footwear (-0.4 percent from -0.9 percent) and communication (-0.4 percent from -4.4 percent). Meanwhile, prices dropped for transport (-0.5 percent from 0.3 percent) and health (-0.9 percent from 0.1 percent). Additionally, cost slowed for housing & utilities (0.4 percent from 0.5 percent) and inflation was steady for recreation & culture (3.0 percent, the same as in November) and education (2.3 percent). On a monthly basis, consumer prices went up 0.6 percent, after declining 0.7 percent in the prior month. Inflation Rate in Senegal averaged 1.57 percent from 2006 until 2018, reaching an all time high of 7.20 percent in September of 2008 and a record low of -4.70 percent in August of 2009.
Inflation Rate in Senegal 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 Senegal to stand at 1.50 in 12 months time. In the long-term, the Senegal Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.