Inflation Senegal 2024
Average inflation: 0.8%
Inflation in 2024
Inflation is very low at 0.8%, well below the ECB target.
Peak and Trough
The highest inflation was in March at 3.3%. The lowest inflation was in August at -1.8%.
- Highest month
- March: 3.3%
- Lowest month
- August: -1.8%
- Difference
- 5.1 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 3.4 percentage points lower than the 5-year average of 4.2%.
- 5-year average
- 4.2%
- 10-year average
- 2.6%
- All-time high (2022)
- 9.6%
- All-time low (2009)
- -2.2%
Trend
Over the period 2022-2024, inflation shows a downward trend. Compared to 2023, inflation has fallen by 5.3 percentage points.
- Change vs. previous year
- -5.3 percentage points
- Largest monthly swing
- January: -8.5 percentage points
ECB Target
Inflation is 1.2 percentage points below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for F CFA 100 this year will cost approximately F CFA 101 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 | 2.1% | -8.5 |
| February | 2.3% | -7.1 |
| March | 3.3% | -6.2 |
| April | 2.3% | -6.7 |
| May | 2.1% | -6.2 |
| June | 1.3% | -6.2 |
| July | -0.7% | -6.4 |
| August | -1.8% | -7.1 |
| September | -0.7% | -4.5 |
| October | -0.2% | -2.6 |
| November | -0.2% | -1.1 |
| December | 0.3% | -0.5 |
| Average | 0.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.