The annual inflation rate in the Ivory Coast eased to 3.5% in May of 2022, from 4% in the previous month. It was the lowest reading since June last year, amid slowing prices of food & non-alcoholic beverages (5.2% vs 7.5% in April), on account of fresh vegetables (-2.5% vs 11.5%); tubers & plantains (-2.3% vs 3.9%); unprocessed cereals (5.1% vs 6.9%) and oils & fats (4.% vs 12.6%). Costs also rose at a softer pace for housing & utilities (3.9% vs 4.7%) and fell further for recreation & culture (-0.7% vs -0.3%). Meanwhile, prices accelerated mostly for transport (4.4% vs 3.7%); miscellaneous goods & services (4.2% vs 3.5%) and restaurants & hotels (3.2% vs 2.8%). On a monthly basis, consumer prices were up 0.2%, down from a 0.4% increase in the previous month. source: Intitut National de la Statistique
Inflation Rate in Ivory Coast averaged 2.42 percent from 2000 until 2022, reaching an all time high of 9.63 percent in September of 2008 and a record low of -3.84 percent in April of 2012. This page provides the latest reported value for - Ivory Coast Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ivory Coast Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Inflation Rate in Ivory Coast is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ivory Coast Inflation Rate is projected to trend around 3.00 percent in 2023 and 2.70 percent in 2024, according to our econometric models.