Togo Inflation Eases to 0.2% in January

Economic governance

Friday, 13 February 2026 11:36

(Togo First) - Togo’s consumer prices continued to stabilize in 2025, with inflation slowing from 2.9% in January 2025 to 0.4% in December and easing further to 0.2% in January 2026, according to data from the National Institute of Statistics and Economic and Demographic Studies (INSEED-Togo).

Inflation has remained below the West African Economic and Monetary Union (WAEMU) convergence threshold of 3% since December 2024.

“Inflation has been below 3% since 2024. Togo met the WAEMU convergence criterion on inflation in 2025,” INSEED-Togo head Akoly Gentry said at a media briefing.

Consumer Price Index flat year-on-year

The Harmonized Consumer Price Index (HCPI) stood at 102.8 in January 2026, virtually unchanged from January 2025. Prices were flat year-on-year.

The index, compiled from monthly nationwide data collection since 2014 and covering both urban and rural areas, tracks price changes for a fixed basket of goods and services consumed by households, including food, housing, transport, health and communications. It also reflects changes in household purchasing power.

Overall stability masked offsetting movements across categories. Food and non-alcoholic beverage prices fell 4.3% year-on-year. By contrast, housing, water, electricity, gas and other fuels rose 9.8%, driven mainly by solid fuels. Restaurants and hotels increased 3.3%, while health prices rose 1.0%.

Month-on-month, consumer prices rose 0.6% between December 2025 and January 2026, driven by higher food prices. Fresh produce increased 2.8% over the month. On a quarterly basis, prices rose 1.5%, supported by food and energy costs. Across WAEMU as a whole, inflation edged slightly lower on average, while remaining broadly stable in Togo.

Ayi Renaud Dossavi

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