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

Senegal’s inflation rate decreased to 0.6% in February 2025, down from 1.8% in January, driven by lower price increases in various sectors, though transport and alcoholic beverages saw increases. Monthly consumer prices fell by 0.6%, reversing January’s trend.

In February 2025, Senegal’s annual inflation rate decreased to 0.6%, marking a decline from January’s eight-month high of 1.8%. This reduction was largely attributed to reduced price increases in key sectors: food and non-alcoholic beverages slowed to 0.6% from 3% in January, while housing and utilities saw a decrease to 0.8% from 1.1%. Additionally, health-related prices fell to 0.8%, down from 1.2%, and restaurants and hotels experienced a minor reduction, as they grew by 2% compared to 2.2%.

Conversely, certain categories witnessed price increases, such as transport, which rose to 1% from 0.9%, and alcoholic beverages and tobacco, which surged to 10.2% from 6.1%. Moreover, there was a slight rebound in prices for personal care, social security, and miscellaneous goods, moving up by 0.1% from a decline of -0.4%.

Month-on-month analysis indicates that consumer prices in Senegal fell by 0.6% in February, opposing January’s rise of 1.1%. This trend signifies a potential stabilization of economic pressures within the consumer market.

In summary, Senegal’s inflation rate experienced a notable decrease in February 2025, primarily driven by diminished price increases in several essential sectors, including food, housing, and health services. While transport and alcoholic beverages saw price hikes, the overall trend indicates a stabilization in consumer prices with a monthly decline observed. These developments reflect a changing economic landscape within Senegal.

Original Source: www.tradingview.com