The annual inflation rate in Senegal rose to 3 percent in August of 2020 from 2.7 percent in the previous month. It was the highest rate since April, mainly pushed up by prices of food & non-alcoholic beverages (4.8 percent vs 3.7 percent in July); transport (4.3 percent, the same pace as in July); restaurants & hotels (2 percent vs 1.8 percent) and housing & utilities (1.1 percent vs 1 percent). On a monthly basis, consumer prices surged 2.2 percent, after rising 1 percent in the prior month.
Inflation Rate in Senegal averaged 1.58 percent from 2006 until 2020, 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. This page provides the latest reported value for - Senegal Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Senegal Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Inflation Rate in Senegal is expected to be 2.80 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 3.00 in 12 months time. In the long-term, the Senegal Inflation Rate is projected to trend around 3.20 percent in 2021 and 3.40 percent in 2022, according to our econometric models.