logo

News

This West African country’s inflation has rose to 0.8 percent year-on-year in October

PUBLISHED: Tue, 20 Nov 2018 15:07:28 GMT

ABIDJAN (Reuters) – Consumer price inflation in Ivory Coast rose to 0.8 percent year-on-year in October, up from 0.5 percent in September, data from the National Statistics Institute showed on Monday.

Food and soft drink prices in the world’s top cocoa producer rose 0.5 percent year-on-year, while housing and utilities prices jumped 3.1 percent. Transport costs rose 1.2 percent.

Ivory Coast’s economy accounts for around 40 percent of the eight-nation West African CFA franc currency zone.

Reporting By Loucoumane Coulibaly; Editing by Aaron Ross and Matthew Mpoke Bigg


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.