Prices of goods and services still rising in Togo

Economic governance
Tuesday, 20 July 2021 16:37
Prices of goods and services still rising in Togo

(Togo First) - In Togo, the consumer price index moved from 110.7 in May, to 112.5 in June (+1.6%). This is according to the country’s statistics, economic and demographics institute (INSEED). 

The rise was driven by a 3.4% increase in prices of food and non-alcoholic drinks, a 3.4% increase in the cost of transportation, and a 0.8% increase in prices at hotels and restaurants. Moreover, prices of alcoholic drinks, drugs, and tobacco rose by 3.8% over the period. 

In detail, the index for bread and cereals rose from 124.2 in May to 128.7 in June, thus up 3.6%. The price index for tubers and plantains rose by 14.5% from 159.4 to 182.5. The report also notes a strong increase in vegetables of 7.6%. It rose to 145.1 from 134.9 a month earlier.

On the other hand, the data shows a decline in the index for housing, water, gas, electricity, and other fuels. It fell from 100 in May to 99.7 in June (-0.3%).

From one quarter to another, the general price level recorded in June rose by 5.4% against March. Year to year, this figure was up 6.2% compared with June 2020, due to an increase of almost all consumption functions. 

Esaïe Edoh

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