Inflation rate: Niger and Burkina Faso recorded respective rates of 6.9% and 4.3% in January 2024 : Orishas-finance

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Inflation rate: Niger and Burkina Faso recorded respective rates of 6.9% and 4.3% in January 2024

08/03/2024

Source : ORISHAS-FINANCE

Categories: Rate

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Inflation rate: Niger and Burkina Faso recorded respective rates of 6.9% and 4.3% in January 2024

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In January 2024, Niger and Burkina Faso had the highest inflation rates. Prices have increased considerably, exceeding the upper limit set by the BCEAO

Le bulletin mensuel Statistics of the Central Bank of West African States (BCEAO) indicated that Niger and Burkina Faso recorded respective rates of 6.9% and 4.3% over the period studied. They are ahead of Côte d'Ivoire, whose inflation rate was 3.1% over the period under review. The economic situation in Niger has been strongly influenced by the closure of land and air borders with ECOWAS member countries, disrupting trade and the supply of basic products; this has led to a shortage of certain products, especially food, causing

prices to soar.

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