Annual inflation rate in Senegal accelerated to 7.4% in May of 2022, a record high rate since at least 2006, from 7% in April. Cost of food recorded the biggest increase (12%), followed by restaurants and hotels (5.1%), clothing and textiles (4.1%), furniture (4%) and housing and utilities (3.6%). Compared to the previous month, consumer prices rose 0.7%. source: ANSD, Senegal
Inflation Rate in Senegal averaged 1.76 percent from 2006 until 2022, reaching an all time high of 7.40 percent in May of 2022 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 July of 2022.
Inflation Rate in Senegal is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Senegal Inflation Rate is projected to trend around 3.40 percent in 2023 and 2.70 percent in 2024, according to our econometric models.