Senegal’s inflation rate fell to 0.6% in February 2025 from 1.8% in January, driven by reduced price increases in food and core services. Monthly consumer prices also declined by 0.6%, reversing January’s rise.
In February 2025, Senegal’s annual inflation rate declined to 0.6%, a notable decrease from the eight-month high of 1.8% recorded in January. This decrease was primarily attributed to reduced price surges in key categories such as food and non-alcoholic beverages, which saw an increase of only 0.6% compared to 3% in January. Prices in the housing and utilities sector also softened, rising by 0.8% instead of the 1.1% seen previously.
Additional areas that contributed to the decline included health services, which experienced a 0.8% increase compared to 1.2% in January, and restaurants and hotels, where prices rose by 2%, down from 2.2%. However, there were some exceptions, as transportation costs increased to 1% from 0.9%, and alcoholic beverages and tobacco surged by 10.2%, up from the previous 6.1%. Meanwhile, personal care, social security, and miscellaneous goods transitioned from a decline to a slight increase of 0.1% after recording -0.4% in January.
On a monthly basis, consumer prices in Senegal decreased by 0.6% in February, marking a turnaround from a 1.1% rise in January. This development indicates a varying trend in consumer pricing and reflects underlying economic conditions in the country.
In summary, Senegal’s inflation rate has shown a significant slowdown in February 2025, dropping to 0.6% as a result of moderated price increases across various sectors. Notably, food, housing, health, and hospitality all reflected a decline in inflation, although some areas such as transportation and alcoholic beverages experienced rising costs. The overall decrease in consumer prices month-on-month further emphasizes the shifting economic landscape in Senegal.
Original Source: www.tradingview.com
