The annual inflation rate in Senegal eased to 1.2 percent in March of 2021 from 1.7 percent in the prior month. Consumer prices increased at a slower pace for food & non-alcoholic beverages (1.2 percent vs 2.5 percent in February) and transports (3.3 percent vs 4.1 percent) but accelerated for housing &utilities (1.0 percent vs 0.5 percent) and health (1.2 percent vs 0.6 percent). Meanwhile, inflation was unchanged for restaurants and hotels (2.1 percent), while communications recorded a slower decline (-1.6 percent vs -3.6 percent). On a monthly basis, consumer prices edged down 0.5 percent, following a 0.5 percent increase in the previous month. source: ANSD, Senegal
Inflation Rate in Senegal averaged 1.59 percent from 2006 until 2021, reaching an all time high of 7.20 percent in September of 2008 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 May of 2021.
Inflation Rate in Senegal is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Senegal to stand at 3.00 in 12 months time. In the long-term, the Senegal Inflation Rate is projected to trend around 3.40 percent in 2022 and 3.60 percent in 2023, according to our econometric models.