ABIDJAN – Consumer price inflation in Ivory Coast jumped 2.3 percent year-on-year in May compared with 2 percent in April, data from the National Statistics Institute showed on Tuesday.
The monthly report showed that food and soft drink prices added 9 percent, while housing and utility prices dropped 0.1 percent. Transport costs declined 1.6 percent, healthcare prices fell 0.9 percent and communications costs were unchanged.
The economy of the world’s top cocoa grower makes up around 40 percent of the eight-nation West African CFA franc currency zone. (Reuters)