The annual inflation rate in Ivory Coast rose to 0.7 percent in April 2019 from 0.5 percent in the previous month. It is the highest inflation rate since January, as prices rebounded for food & non-alcoholic beverages (0.6% vs -0.6% in March), led by fish (0.7% vs -4.4%) and fresh vegetables (4.9% vs 1.1%); housing & utilities (0.9% vs -0.1%) and communication (1.3% vs -0.2%). In addition, cost rose faster for miscellaneous goods & services (1.8% vs 1.1%) and education (1.4% vs 1.2%). However, inflation slowed for transport (1.7% vs 2.0%); clothing & footwear (0.5% vs 1.5%) and health (0.6% vs 2.1%). Also, prices were flat for restaurants & hotels (vs 1.6% in March). On a monthly basis, consumer prices went up 0.4 percent, the same pace as in the prior month. Inflation Rate in Ivory Coast averaged 2.34 percent from 2000 until 2019, 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.
Inflation Rate in Ivory Coast is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ivory Coast to stand at 1.20 in 12 months time. In the long-term, the Ivory Coast Inflation Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.