The annual inflation rate in Ivory Coast rose to 1.6 percent in December 2019 from 1.2 percent in the previous month. It was the highest inflation rate since January, as prices advanced faster mostly for food & non-alcoholic beverages (3.5 percent vs 2.4 percent in November), pushed up by fish (9.7 percent vs 5.2 percent) and oils & fats (4.6 percent vs -0.6 percent); housing & utilities (2.1 percent vs 1.5 percent); transport (0.7 percent vs 0.6 percent) and clothing & footwear (1.4 percent vs 0.9 percent). In contrast, cost fell for restaurants & hotels (-1 percent vs 0.2 percent); alcoholic beverages & tobacco (-0.2 percent vs -1.7 percent) and furnishings (-0.7 percent vs 0.6 percent). On a monthly basis, consumer prices went up 0.5 percent, after increasing 1 percent in the previous month. Inflation Rate in Ivory Coast averaged 2.29 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. source: Intitut National de la Statistique
Inflation Rate in Ivory Coast is expected to be 1.00 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 1.60 in 12 months time. In the long-term, the Ivory Coast Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.