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

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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