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Economy in Senegal: price competitiveness gains recorded in March

12/05/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Directorate of Forecasting and Economies (Dpee) announced that the Senegalese economy has registered price competitiveness gains estimated at 4.6%, as of March as a monthly

change.

The result for the month of March is due to the combined effects of the favourable inflation differential (-1.2%) and the depreciation of the CFA franc compared to currencies of trading partner countries (-3.4%). D Competitiveness gains, estimated at 0.6% and 1.5% respectively, due to favourable inflation differentials for the Senegalese economy, have been noted. against the partner countries that are members of UEMOA and the Eurozone. The compétitivité-prix de l' économie sénégalaise s' est détériorée de 2,2%, en liaison avec le différentiel d' inflation défavorable (+2,3%) face aux pays partenaires commerciaux , compared to the month of March 2022.

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