The annual inflation rate in Senegal rose to 1.3 percent in August 2019 from 1.1 percent in the previous month, mainly due to prices of clothing & footwear (1.3 percent vs 0.2 percent in July); transport (2.0 percent vs 1.8 percent); health (1.5 percent vs -0.3 percent) and communication (2.9 percent vs 0.7 percent). In contrast, cost slowed for food & non-alcoholic beverages (0.8 percent vs 1.3 percent); housing & utilities (0.2 percent vs 0.3 percent); recreation & culture (0.7 percent vs 0.9 percent) and alcoholic beverages & tobacco (9.9 percent vs 10.6 percent). Meantime, inflation was steady for miscellaneous goods & services (at 0.9 percent) and restaurants & hotels (at 1.7 percent). On a monthly basis, consumer prices inched up 1.9 percent, after increasing 0.3 percent in the prior month. Inflation Rate in Senegal averaged 1.55 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 0.80 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 2.20 in 12 months time. In the long-term, the Senegal Inflation Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.