Harmonized inflation decreased to 5.1% in December from 5.7% in November. The print was mainly driven by softer increases in food and housing prices. This year, prices should cool further on fiscal consolidation efforts and tight monetary policy. The CFA-euro peg should also help to contain price pressures. Commodity price swings remain a risk.
CdI Inflation (HICP, ann. var. %, aop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 0.4 | 0.6 | 0.8 | 2.4 | 4.2 |