The inflation rate in Côte d'Ivoire is accelerating. The latest publication of the statistical office indicated that in July, inflation accelerated to 4.6% year-on-year, compared to 4.1% year-on-year in June.

The core inflation rate remains stable at 2.7% y/y, the 12-month average inflation fell slightly for the second month to 5.2%, still above the UEMOA standard of 3%. Indeed, the acceleration was largely due to food inflation, which rose from 5.9% in June to 7.7% year-on-year, which was in turn due to the rise in the prices of food products such as fresh and dried fish, tubers and plantains

The rate of increase in energy prices increased to 4.8% yoy from 3.1% yoy in June, and fresh food inflation increased to 11.2% yoy from 8.9% yoy, leaving the core inflation rate at 2.7% y/y, unchanged from the previous month.