The annual inflation rate in Senegal fell to 0.6 percent in December 2019 from 1.3 percent in the previous month. It was the lowest inflation rate since February, as prices dropped for food & non-alcoholic beverages (-0.2 percent vs 1.5 percent in November) and slowed for clothing & footwear (0.3 percent vs 0.8 percent); recreation & culture (0.4 percent vs 0.6 percent) and alcoholic beverages, tobacco & narcotics (2.2 percent vs 4 percent). In contrast, inflation edged higher for housing & utilities (1.2 percent vs 0.4 percent); transport (1.9 percent vs 1.7 percent) and miscellaneous goods & services (1.1 percent vs 1 percent). On a monthly basis, consumer prices decreased 0.7 percent, after dropping 0.3 percent in the preceding month.
Inflation Rate in Senegal averaged 1.53 percent from 2006 until 2019, 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.
Inflation Rate in Senegal 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 Senegal to stand at 3.00 in 12 months time. In the long-term, the Senegal Inflation Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.