According to the latest report from the National Institute of Statistics and Economic and Demographic Studies (INSEED) in Togo, the inflation rate showed a slight decline in August, settling at 6.6%. This decrease is significant after several months of increase since April.
Inflation in Togo experienced a slight decrease in August. This decline is attributed to reductions in various sectors. Several categories saw notable decreases, contributing to this downward trend.
Among the sectors that saw decreases, “Food and non-alcoholic beverages” registered a decrease of 5.3%. This category includes essential items such as basic food products, and the cost reduction in this sector significantly contributed to the overall decrease in the inflation rate. Food products like tubers, vegetables, fish, and various groceries saw price reductions, which eased the financial burden on consumers.
The “Housing, water, gas, electricity, and other fuels” sector also experienced a decrease of 1.0%. This category encompasses housing-related costs as well as essential public services. The price reduction in this sector brought relief to households.
In the “Transportation” domain, a slight decrease of 0.3% was observed, also contributing to the overall inflation decrease. Costs associated with transportation showed relative stability.
Finally, the category of “Alcoholic beverages, tobacco, and narcotics” recorded a decrease of 2.7%, which also contributed to the overall downward trend in inflation. This category includes regulated products, and the price reduction had a positive impact on consumers’ purchasing power.
