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    Ivory Coast inflation rises to 0.8 pct year-on-year in October

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    Naija247news Editorial Teamhttps://www.naija247news.com/
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    ABIDJAN (Reuters) – Consumer price inflation in Ivory Coast rose to 0.8 percent year-on-year in October, up from 0.5 percent in September, data from the National Statistics Institute showed on Monday.

    Food and soft drink prices in the world’s top cocoa producer rose 0.5 percent year-on-year, while housing and utilities prices jumped 3.1 percent. Transport costs rose 1.2 percent.

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

    Reporting By Loucoumane Coulibaly; Editing by Aaron Ross and Matthew Mpoke Bigg

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