After a rate of 3.5% in July and August 2021, the inflation rate in the WAEMU stood at 4.3% at the end of September 2021, according to data from the Central Bank of African States of the west (BCEAO). This is his highest level in over 3 years.
According to the institution, the acceleration in the pace of price growth is mainly driven by the “Food” component, whose contribution to headline inflation increased by 0.8 percentage point compared to the previous month. The increase in the “Food” component, which contributes 3.4 percentage points to total inflation, is linked to the increase in the price of fruits and vegetables, tubers and plantains, as well as cereal products in most of them. of the countries of the Union.
By country, Côte d’Ivoire will have experienced the highest monthly inflation rate (+5.2), also its highest level since at least 2019.