Here is the translation of the provided text into English:

  • Overall inflation contained below the ECOWAS community threshold of a maximum of 5%.

     

Sources: MEPD/DGE, ANStat

 

Historically, like other countries in the UEMOA, Côte d'Ivoire has been characterized by controlled inflation generally evolving below the community standard of a maximum of 3%. However, the consequences of successive crises related to the Covid-19 pandemic, the war in Ukraine, and insecurity in the Sahel have caused disruptions in supply chains, leading to inflation exceeding the community standard starting in 2021.

In 2023, inflation was at 4.4%, linked to the increase in prices of food products by 6.3% and non-food products by 3.4%. The rise in food prices is due to the acceleration of the increase in processed cereals, fish, "oils and fats," as well as the continued rise in prices of fruits, fresh vegetables, and "tubers and plantains." The increase in non-food product prices mainly comes from the rise in "vehicle operating expenses," "transport services," "housing maintenance and repair expenses," "restaurant services," and "actual rents."

Over the period 2024-2025, inflation is expected to decrease steadily, from 4.4% in 2023 to 4.0% in 2024 and 3.0% in 2025, thanks in particular to the increase in the supply of food products, the continued improvement of distribution channels and agricultural access roads, better market supply, and the continuation of the government's policy to combat the high cost of living.