The inflation rate in Ivory Coast increased to 2.8 percent in June of 2020 from 2.3 percent in May. It is the highest reading since June of 2013 as the country eased restrictions after two months under the coronavirus lockdown. Prices rose faster for food (4.8 percent vs 3.6 percent in May), transport (4.9 percent vs a flat reading) and furnishing (1.1 percent vs 0.4 percent). In contrast, inflation eased for housing and utilities (2.5 percent vs 5.1 percent) and clothing and footwear (2 percent vs 2.1 percent) and prices fell for recreation and culture (-0.4 percent vs +0.1 percent). On a monthly basis, consumer prices went up 1 percent.
Inflation Rate in Ivory Coast averaged 2.29 percent from 2000 until 2020, 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. This page provides the latest reported value for - Ivory Coast Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ivory Coast Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Intitut National de la Statistique
Inflation Rate in Ivory Coast is expected to be 2.40 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 1.70 in 12 months time. In the long-term, the Ivory Coast Inflation Rate is projected to trend around 1.70 percent in 2021 and 2.00 percent in 2022, according to our econometric models.