The annual inflation rate in Ivory Coast increased slightly to 0.5 percent in September 2019 from 0.4 percent in the previous month, mainly due to prices of food & non-alcoholic beverages (1.1 percent vs 0.2 percent), namely fruits (9.8 percent vs 7.2 percent) and tubers & plantains (7.7 percent vs 1.0 percent). Also, cost rebounded for restaurants & hotels (0.5 percent vs -1.4 percent) and recreation & culture (0.1 percent vs -0.9 percent) and furnishings (1.1 percent vs -0.2 percent). In contrast, prices were flat for housing & utilities (vs 0.2 percent) and they fell for transport (-1.2 percent vs 2.2 percent); health (-0.2 percent vs 0.4 percent); alcoholic beverages & tobacco (-1.5 percent vs -0.5 percent) and miscellaneous goods & services (-0.2 percent vs -0.1 percent). On a monthly basis, consumer prices went up 0.2 percent, after decreasing 1 percent in the previous month. Inflation Rate in Ivory Coast averaged 2.30 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 0.60 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 0.80 in 12 months time. In the long-term, the Ivory Coast Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.