In its monthly statistical bulletin, BCEAO announced an increase in the prices of the main commodities exported in June 2022.

Prices of the main commodities exported by the UEMOA countries are soaring. According to the BCEAO, prices of the main raw materials exported by the countries of the Union increased, particularly cotton (+38.9%), coffee (+28.3%) and rubber (+18.4%). In contrast, cashew nut and cocoa prices fell over the same period by 6.0% and 2.0% respectively. As for the price index of products imported by the countries of the Union, it increased by 48.6% over one year, accelerating compared with May 2022 (+46.2%).

At the regional level, the BCEAO has decided to raise its key rates by 25 basis points in order to promote a gradual return of inflation in the target zone, an essential condition for healthy and inclusive economic growth . Thus, the minimum rate for submitting liquidity injection tenders rose from 2.00% to 2.25% and the marginal lending window rate from 4.00% to 4.25% as of June 16, 2022.