The annual average inflation in WAEMU countries is projected at 2.2% for the whole of 2020, after a rate of -0.7% recorded in 2019, according to the Council of Ministers of the region. It would be its highest level since 2012.

“The disruptions in distribution circuits in the context of the Covid-19 pandemic and the virtual stagnation in cereal production for the 2019/2020 campaign led to an acceleration in the progression of the general price level”, comments the council of producers. ministers who met on December 10, 2020. The inflation rate in the Union stood at 2.9% on average in the third quarter, after 1.7% the previous quarter, recalls the body which ensures the implementation of the general orientations defined by the Heads of State.

In October 2020, inflation (monthly) stood at 3.4%, thus settling at its highest level since 2013. This, after a first record of 3.3% left two months earlier. According to a Report on Monetary Policy in the Union, the outlook points to a rate of 3% in the last quarter of the year.