The annual inflation rate in Ivory Coast went up to 1.2 percent in June 2019 from 0.8 percent in the previous month. It is the highest inflation rate since December, as prices rose sharply for food & non-alcoholic beverages (3.4 percent vs 2.1 percent in May), mainly pushed up by fresh vegetables (17.3 percent vs 0.1 percent). On the other hand, prices slowed for transport (1 percent vs 1.2 percent); restaurants & hotels (0.7 percent vs 1.5 percent) and education (1.2 percent vs 2.2 percent). Meantime, cost fell for housing & utilities (-0.7 percent vs -1.8 percent); furnishings (-0.1 percent vs 1.7 percent) and miscellaneous goods & services (-0.6 percent vs 0.3 percent). On a monthly basis, consumer prices increased 0.5 percent, up from a 0.4 percent gain in the prior month. Inflation Rate in Ivory Coast averaged 2.32 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 -0.30 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 1.40 in 12 months time. In the long-term, the Ivory Coast Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.