The annual inflation rate in Senegal rose to 2.1 percent in June 2019 from 1.5 percent in the prior month. It was the highest inflation rate since April 2017, as prices increased faster mainly for food & non-alcoholic beverages (3.3 percent vs 2.2 percent in May) and restaurants & hotels (1.6 percent vs 0.8 percent). In addition, cost rebounded for transport (0.6 percent vs -0.3 percent) and miscellaneous goods & services (0.3 percent vs -0.5 percent). Meanwhile, prices slowed for housing & utilities (0.1 percent vs 0.4 percent); recreation & culture (1.0 percent vs 1.2 percent); furnishings (0.2 percent vs 0.6 percent); and dropped for clothing & footwear (-0.2 percent vs -0.1 percent). On a monthly basis, consumer prices went up 0.4 percent, after being flat in the previous month. Inflation Rate in Senegal averaged 1.55 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.
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 2.20 in 12 months time. In the long-term, the Senegal Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.