After an increase of 5.6% the previous month, world crude oil prices (WTI average, BRENT, DUBAI), expressed in United States dollars, recorded an increase of 9.3% over one year in May 2024.

La Bceao indicated that for the main raw materials exported by In the countries of the Union, prices increased for cocoa (+170.2%), coffee (+47.2%), rubber (+26.3%), gold (+18.2%) and cashew nuts (+17.6%). According to the bank, “cotton prices fell by 5.2% over the same period. Regarding the price index of food products imported by the countries of the Union, it registered a slight increase of 0.1% during the month under review, after an increase of 1.9% in April 2024. This increase in prices is driven in particular by the increase in the price of wheat (+7.0%), oils (+5.0%) and milk (+4.2%), attenuated by the stability of rice prices and the fall in the price of sugar