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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Ivory CoastIvory Coast Inflation Rate YoY fell to 2.5% in November 2024
FMPMonthlyReleased December 2024
Ivory Coast Inflation Rate YoY fell to 2.5% in November 2024, released December 2024, down 0.1% from October's 2.6% reading. The reading matched expectations. Inflation Rate YoY has now declined for 4 consecutive months. Over the past 3 months, Inflation Rate YoY averaged 3.3%, vs 4.33% in the prior 3-month window. Inflation Rate YoY is now the lowest in 13 months.
Latest Release
2.5
Actual
2.6
Consensus
2.6
Previous
Median Absolute Error
±0.55 percentage points
across last 12 releases
Last Call
Dec 2024
Predicted: 2.58
Actual: 2.5
Error: +0.08
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 YoY (Ivory Coast) was reported at 2.5% in December 2024. This missed the market consensus of 2.6% by 0.1%. The reading fell from the previous value of 2.6%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 2.63%, down from the prior three at 4.2%.
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 0.55%.
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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Inflation Rate YoY - CI
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About Inflation Rate YoY — Ivory Coast
DEFINITION
The Inflation Rate YoY (Year-over-Year) is a financial indicator that measures the percentage change in the overall price level of goods and services over a 12-month period. It is a key measure of inflation and is used by economists and policymakers to monitor the health of an economy and make informed decisions regarding monetary policy. A higher inflation rate can indicate a growing economy, but if it rises too quickly, it can lead to negative effects such as decreased purchasing power and higher interest rates. Conversely, a lower inflation rate can signal a slowing economy, but if it falls too low, it can lead to deflation and potential economic instability. The Inflation Rate YoY is an important tool for understanding and managing the impact of price changes on the economy.
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 2.5 %, consensus 2.6 %. Prior reading (Oct 2024): 2.6 %. Before that (Sep 2024): 2.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.