The inflation rate in the countries of the West African Economic and Monetary Union (UEMOA) rose by 0.5 percentage point, year-on-year, at the end of October 2020 compared to the previous month, according to data from the Central Bank of West African States (BCEAO).

This inflation rate stood at 3.4% during the period under review, after reaching 2.9% a month earlier. This situation contrasts with that of September 2020 with a slight drop of 0.4 percentage point in the inflation rate.

According to the issuing institute, the acceleration in the pace of price increases in the WAEMU zone is mainly driven by the Food and Restaurants and Hotels components, whose overall contribution to total inflation rose by 2.5 percentage points in September 2020 to 2.8 percentage points in October 2020, linked to the rise in the price of vegetables and fruit, tubers and plantains as well as fishery products in most countries of the Union.