During a mission from September 29 to October 6, the International Monetary Fund (IMF) noted that food prices in Senegal had risen by 17.3%.

A press release informed that “the effects of the war in Ukraine and the surge in commodity prices are weighing on the Senegalese economy. Activity in the secondary and services sectors slowed down during the first half of this year, leading to a slight downward revision of the growth projection to 4.7%. However, inflation reached a decades-long record of 11.2% in August, driven by rising food prices (17.3%), which has a negative impact on household living standards. Average inflation in 2022 is now expected to reach 7.5%.” Indeed, growth prospects are around 10% on average over the 2023-2024 period, thanks to oil and gas production activities, and inflation is expected to gradually fall to 2% over the medium term.