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World

Ivory Coast inflation -0.6pc yr/yr in February

Published Updated

ABIDJAN: Ivory Coast's consumer prices fell 0.6 percent year-on-year in February, down from 0.2 percent inflation in January, data from the National Statistics Institute showed on Monday.

Food and soft drink prices in the world's top cocoa producer dropped 0.6 percent, while housing and utilities prices fell 4.8 percent. Transport costs rose 0.4 percent, the report said.

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

Copyright Reuters, 2018

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