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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Ivory CoastIvory Coast Inflation Rate MoM climbed to 0.1% in November 2024
FMPMonthlyReleased December 2024
Ivory Coast Inflation Rate MoM climbed to 0.1% in November 2024, released December 2024, up 0.5% from October's -0.4% reading. The print came in hotter than the -0.2% consensus, a hotter print than forecasters anticipated. Inflation Rate MoM has now risen for 3 consecutive months. Over the past 3 months, Inflation Rate MoM averaged -0.47%, vs 0.67% in the prior 3-month window. The reading is in the 33rd percentile of the trailing 24-month range.
Latest Release
0.1
Actual
-0.2
Consensus
-0.4
Previous
Median Absolute Error
±0.75 percentage points
across last 12 releases
Last Call
Dec 2024
Predicted: -0.4
Actual: 0.1
Error: -0.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Inflation Rate MoM (Ivory Coast) was reported at 0.1% in December 2024. This beat the market consensus of -0.2% by 0.3%. The reading rose from the previous value of -0.4%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged -0.47%, down from the prior three at 0.37%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 0.75%.
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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Inflation Rate MoM - CI
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About Inflation Rate MoM — Ivory Coast
DEFINITION
The Inflation Rate MoM (Month-over-Month) is a financial indicator that measures the percentage change in the overall price level of goods and services in a given economy from one month to the next. It is a key measure of inflation and provides insight into the rate at which prices are rising or falling, which can impact consumer purchasing power and overall economic stability. This indicator is closely monitored by economists, policymakers, and investors to assess the health of an economy and make informed decisions.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2024): actual 0.1 %, consensus -0.2 %. Prior reading (Oct 2024): -0.4 %. Before that (Sep 2024): -1.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection.