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WAEMU: Stability of the inflation rate in June 2020

12/08/2020
Source : financialafrik.com
Categories: Economy/Forex

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The inflation rate in the West African Economic and Monetary Union (WAEMU) was stable, year-on-year, at 1.8% at the end of June 2020 compared to the achievements of May 2020, according to data from the Central Bank of West African States (BCEAO).
The services of the Central Bank indicates that the increase in the general price level is printed by the Food  component with a contribution of 1.4 percentage points to total inflation, in connection with the increase in food prices induced by the fall in cereal production of the previous season and the disruption of distribution channels caused by the Covid-19 pandemic.

In addition, the Transportation  component  contributed 0.2 percentage points to total inflation at the end of June 2020. This development is due in particular to the increase in the price of road passenger transport services, particularly in Côte d'Ivoire where an increase of 11.9% was recorded.

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