Senegal’s Inflation Rate Declines to 0.6% in February 2025

In February 2025, Senegal’s inflation rate fell to 0.6%, down from 1.8% in January, due to slower price increases in food, housing, and health. Despite this, transportation and alcohol prices rose, while consumer prices dropped by 0.6% monthly, reversing a previous increase.

In February 2025, Senegal’s annual inflation rate decreased to 0.6%, down from an eight-month high of 1.8% recorded in January. This reduction is mainly attributed to a deceleration in the rise of prices for key sectors, including food and non-alcoholic beverages, which experienced an increase of 0.6%, compared to 3% the prior month. Other sectors also showed slower price increases, such as housing and utilities (0.8% vs. 1.1%) and health services (0.8% vs. 1.2%).

Despite the overall decline, certain categories experienced price hikes. Transportation prices rose to 1% from 0.9%, and alcoholic beverages and tobacco surged to 10.2%, up from 6.1%. Additionally, prices for personal care and miscellaneous goods saw a slight rebound to 0.1%, reversing from a prior decline of -0.4%.

On a monthly comparison, consumer prices in February saw a decrease of 0.6%, a reversal from the 1.1% increase observed in January, indicating a significant shift in the inflation dynamics within the country.

Senegal has experienced a noteworthy decline in its inflation rate, easing to 0.6% in February 2025. A significant contributor to this reduction has been the slowdown in price increases for essential commodities such as food, housing, and health services. However, certain categories, particularly transport and alcoholic beverages, have seen notable increases, illustrating a mixed inflationary trend across different sectors.

Original Source: www.tradingview.com