Prices of goods and services increased slightly in April

Public finance
Monday, 17 May 2021 18:32
Prices of goods and services increased slightly in April

(Togo First) - In Togo, the National Harmonized Index of Consumer Prices (INHPC) stood at 109.7 in April 2021. This is an increase of 2.7% compared to March, according to data compiled by the National Institute of Statistics, Economic Studies, and Demography (Inseed).  

The rise in inflation rate was mainly driven by higher prices of food products and non-alcoholic drinks- which grew 7.7% - and a 0.5% increase in household spending (rent, water, gas, electricity, and other fuels) and 0.6% in health costs.

Also, slight increases were noted in the restaurant and hotel sector (+0.1%) and services (+0.2%), while prices of alcoholic drinks, tobacco, and other drugs fell by 1%. 

These figures are relatively higher than the general level of inflation in the WAEMU, which is 0.1% according to the commission's figures. 

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