In October 2024, the inflation rate fell by 0.2 points, from 3.6% in September to 3.4% in four countries of the West African Economic and Monetary Union (UEMOA).

Inflation has fallen in particular in Niger, Togo, Togo, Ivory Coast, and Benin, according to the statistical bulletin of the Central Bank of West African States (BCEAO). The document mentions that “the analysis by function shows that the deceleration in prices is observed mainly at the level of the food product component (-0.4 percentage points). Indeed, food prices increased by 4.6% during the month under review, after an increase of 5.0% a month earlier.” For the BCEAO, the core inflation rate, excluding fresh produce and energy prices, remained stable at 2.3% in October 2024, identical to its level

Moreover, the increase persisted in Burkina Faso, Senegal and Mali, while Guinea-Bissau experienced virtual stability.