Senegal’s annual inflation rate fell to 0.6% in February 2025, down from 1.8% in January, driven by slower price increases in key sectors, despite some rises in transport and alcohol prices.

In February 2025, Senegal’s annual inflation rate declined to 0.6%, down from a peak of 1.8% in January, marking the lowest rate in eight months. This reduction resulted primarily from milder increases in various sectors, especially food and non-alcoholic beverages, which saw an uptick of 0.6% compared to 3% the previous month. Likewise, housing and utilities experienced a rise of 0.8%, down from 1.1%, while health expenses increased by 0.8%, a decrease from 1.2%. Restaurants and hotels reported a slight moderation, rising by 2% compared to 2.2% in January.

Conversely, certain categories did witness price increases: transport rose by 1%, up from 0.9%, and alcoholic beverages and tobacco surged significantly to 10.2% from 6.1%. There was also a rebound in personal care and miscellaneous goods, which rose by 0.1% after a decline of 0.4%. On a month-to-month comparison, consumer prices dropped by 0.6% in February, reversing a 1.1% increase noted in January.

In summary, February 2025 saw a decrease in Senegal’s annual inflation rate to 0.6%, primarily due to moderating price increases in essential sectors like food and housing. Although some categories such as transport and alcoholic beverages experienced higher costs, the overall trend indicates a stabilization in consumer prices.

Original Source: www.tradingview.com