Togo: Global consumption price level slumped by 1% in May 2018

Economic governance
Tuesday, 19 June 2018 17:50
Togo: Global consumption price level slumped by 1% in May 2018

(Togo First) - Last month, global consumption prices in Togo slumped by 1% as compared to a 1.9% positive growth the month before, according to data from the National Institute of Statistics, Economic and Demographic Studies (INSEED).

The slump is mainly due to a drop in prices of food products and non-alcoholic drinks, even if other consumption indicators increased. These indicators are “housing, water, gas, power and other fuels” (+0.7%), “tobacco and drugs” (+2.7%) and “health products” (+0.3%).

Compared to February, that is on a quarterly basis, price levels surged by 1.5% spurred by a 5.7% increase in prices of food products and non-alcoholic drinks. On a year-to-year basis, this figure however slumped by 0.3%.

Fiacre E. Kakpo

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