Inflation Rate Trends and Forecast for Côte d'Ivoire from 1990 to 2029

Inflation Rate Trends and Forecast for Côte d'Ivoire from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Côte d'Ivoire from 1990 to 2029. TGM StatBox.
Chart Details
Timeframe: 1990-2029
Country: Ivory Coast
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Côte d'Ivoire saw inflation spike to 26.0% in 1994 following the devaluation of the CFA franc, which significantly increased the cost of imports. By 1996, inflation had dropped to 2.7% as the economy adjusted to the currency changes. Inflation remained low through the 2000s, averaging around 2%, supported by improved political stability and economic reforms.

In recent years, inflation rose to 5.2% in 2022, reflecting global economic challenges and rising food prices. The forecast predicts a gradual return to a stable inflation rate of 2.0% by 2028, as fiscal and monetary policies ensure long-term stability and growth.

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