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Senegal’s Inflation Rate Drops to Lowest Level in Five Years

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Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Senegal’s inflation rate fell to 0.7% in July 2024
  • GDP expected to rise by 7.1% in 2024, supported by the burgeoning oil and gas sector

Dakar, Senegal – Senegal’s inflation rate dropped to 0.7% in July 2024, marking the lowest level in five years, according to the National Agency for Statistics and Demography (ANSD). This decrease, down from 1.3% in June 2024, reflects a significant reduction in the Harmonised Consumer Price Index (HCPI), which fell from 129.1 in July 2023 to 128.2 in July 2024.

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