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Find all the economic and financial information on our Orishas Direct application to download on Play StoreA BCEAO bulletin mentioned that the inflation rate stood at 8.3% in September 2022, a very slight decrease compared to August (8.8%), in the countries of the West African Economic and Monetary Union (UEMOA).
In September, Benin stood out with inflation that was below 3% throughout the year and reached -1.6%. According to the IMF, “a good agricultural season as well as subsidies by the State at the prices of certain imported products, particularly fuels, fertilizers and foodstuffs”. The international organization forecasts 6% growth in 2022, driven by agribusiness, construction and port activities. She gave her agreement for $140 million.
Burkina Faso, Mali, and Senegal have double-digit inflation rates on their side.
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