Inflation Ivory Coast 2024
Average inflation: 3.5%
Current Inflation
Inflation is high at 3.5%, well above the ECB target.
Peak and Trough
The highest inflation was in May at 4.9%. The lowest inflation was in December at 2.1%.
- Highest month
- May: 4.9%
- Lowest month
- December: 2.1%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 6.6%. The lowest price increase was in Food with an average of 4.5%.
- Highest increase
- Energy: 6.6%
- Lowest increase
- Food: 4.5%
Historical Context
Current inflation is around the 5-year average of 3.9%.
- 5-year average
- 3.9%
- 10-year average
- 2.2%
- All-time high (2008)
- 6.3%
- All-time low (2019)
- -1.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.9 percentage point.
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- December: -1.9 percentage points
ECB Target
Inflation is 1.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.1% | -1.7 |
| February | 3.6% | -1.2 |
| March | 3.8% | -1.4 |
| April | 3.6% | -1.6 |
| May | 4.9% | +0.1 |
| June | 4.1% | 0.0 |
| July | 3.9% | -0.7 |
| August | 4.5% | +0.9 |
| September | 2.8% | -1.4 |
| October | 2.6% | -1.1 |
| November | 2.6% | -1.0 |
| December | 2.1% | -1.9 |
| Average | 3.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.