Senegal’s inflation dropped to 0.6% in February 2025 from 1.8% in January. Key contributors to the decline were lower price increases in food, housing, and health sectors. Despite some rises in transport and alcoholic beverages, overall consumer prices fell by 0.6% month-over-month.
In February 2025, Senegal’s annual inflation rate declined to 0.6%, down from an eight-month high of 1.8% recorded in January. This decrease is attributed primarily to lower price increases in several sectors. Notable reductions occurred in food and non-alcoholic beverages (0.6% from 3% in January), housing and utilities (0.8% from 1.1%), health (0.8% from 1.2%), and restaurants and hotels (2% from 2.2%).
Conversely, some categories experienced price rises, including transport (up to 1% from 0.9%) and alcoholic beverages and tobacco (10.2% from 6.1%). Additionally, prices for personal care, social security, and miscellaneous goods saw a minor rebound, changing to 0.1% from -0.4%.
On a monthly scale, consumer prices in Senegal declined by 0.6% in February, reversing the prior month’s growth of 1.1%.
In summary, Senegal’s inflation rate showcased a notable downturn in February 2025, decreasing to 0.6%. The slowdown was predominantly driven by reduced price increases in essential categories such as food and housing. However, some sectors still faced rising prices, particularly transport and alcohol. Overall, the monthly trend also indicated a decrease in consumer prices, marking a shift from previous increases.
Original Source: www.tradingview.com
