In February 2025, Senegal’s annual inflation dropped to 0.6% from 1.8% in January. The decrease was driven by slower price increases in food, housing, health, and hospitality. Monthly prices fell by 0.6%, reversing a prior increase. Some sectors, including transport and tobacco, saw price hikes, yet overall inflation is stabilizing.
In February 2025, Senegal’s annual inflation rate decreased to 0.6%, down from 1.8% in January, which marked an eight-month peak. This decline was largely attributed to a reduction in price increases across various sectors, notably food and non-alcoholic beverages, which saw an inflation rate of 0.6% compared to 3% the previous month. Other sectors also experienced slower price growth, including housing and utilities (0.8% vs 1.1%), health (0.8% vs 1.2%), and restaurants and hotels (2% vs 2.2%).
Conversely, there were price increases in the transport sector (1% vs 0.9%) and for alcoholic beverages and tobacco, which surged to 10.2%, up from 6.1%. Additionally, prices for personal care, social security, and miscellaneous goods rebounded slightly, reporting inflation of 0.1% compared to a deflation of -0.4% in January. On a monthly basis, consumer prices recorded a decline of 0.6% in February, reversing the previous month’s increase of 1.1%.
In summary, Senegal’s inflation has cooled significantly in February 2025, primarily due to reduced price increases in essential sectors. While certain areas, such as transport and alcohol, saw rising prices, consumer prices overall declined on a monthly basis. This trend reflects a stabilizing economic environment following higher inflation rates earlier in the year.
Original Source: www.tradingview.com
