Consumer prices in Senegal decreased 0.1 percent year-on-year in February 2019 compared to a 0.6 percent rise in the prior month. It is first deflation since July last year as prices fell for food and non-alcoholic beverages (-1.2 percent vs 1.4 percent in January); furnishings (-0.1 percent, after being flat in January) and health (-0.6 percent vs -1.6 percent). Meanwhile, prices advanced at the same pace for housing & utilities (0.6 percent) and they rebounded for clothing & footwear (0.2 percent vs -0.6 percent) and transport (0.2 percent vs -0.2 percent). Also, cost rose faster for recreation & culture (2.7 percent vs 2.6 percent).On a monthly basis, consumer prices went up 0.3 percent, following a 0.8 percent decline in the previous month. Inflation Rate in Senegal averaged 1.56 percent from 2006 until 2019, 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 0.40 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.