Ivory Coast consumer inflation drops to 0.1%

Abidjan, Ivory Coast's commercial city

Consumer price inflation in Ivory Coast fell to 0.1 per cent year-on-year in April from 0.4 per cent in March.

This information was made public in a data released by the National Statistics Institute in Abidjan.

The report said food and soft drink prices in the world’s top cocoa grower fell 1.7 per cent year-on-year, while housing and utilities prices declined 0.3 per cent.

Transport costs also shed 1.2 per cent.

Ivory Coast’s economy accounts for around 40 per cent of the eight-nation West African CFA franc currency zone.