Senegal Inflation Rate YoY: February 2026 Data Shows Uptick, but Trend Remains Tame
Big-Picture Snapshot
- February 2026 inflation: 0.8% YoY
- January 2026: 0.4% YoY
- 12-month average: 2.0%
- Peak in December 2025: 2.9%
- Lowest in past year: 0.4% (January 2026)
- Estimate for February: 0.2%
Drivers This Month
- Food prices: +0.12pp
- Transport: +0.09pp
- Utilities: flat
- Core goods: +0.05pp
Policy Pulse
Inflation remains well below the BCEAO’s 3% target, giving policymakers room to maintain current policy settings.
Market Lens
Markets showed muted reaction to the February print. The modest uptick was widely anticipated after January’s low base, and local bond yields held steady.
Foundational Indicators
- Inflation rate YoY (February 2026): 0.8%
- Inflation rate YoY (January 2026): 0.4%
- December 2025: 2.9%
- November 2025: 1.9%
- October 2025: 2.6%
- September 2025: 2.2%
Drivers This Month
- Food inflation slowed but remains the main contributor
- Transport costs edged higher
- Housing and utilities stable
Policy Pulse
With headline inflation far below the regional ceiling, the BCEAO’s stance remains accommodative. No signals of tightening have emerged.
Market Lens
FX and rates markets remained calm. The XOF held its range, reflecting confidence in price stability and central bank credibility.
Chart Dynamics
What This Chart Tells Us: Senegal’s inflation trajectory has shifted decisively lower since the start of 2026. The February uptick is modest and does not reverse the broader disinflationary momentum. Price pressures remain contained, with no signs of a sustained rebound.
Drivers This Month
- Food and transport costs provided the main upward push
- Other categories contributed marginally
Policy Pulse
Inflation’s sharp deceleration keeps it well under the BCEAO’s 3% ceiling, reinforcing a dovish policy environment.
Market Lens
Bond and FX markets registered little movement. Investors see the inflation drop as durable, with no immediate risk of reversal.
Forward Outlook
- Bullish scenario (20%): Inflation falls below 0.5% in coming months as food prices ease further.
- Base case (65%): Inflation stabilizes near 1% through mid-2026, with balanced risks.
- Bearish scenario (15%): Temporary supply shocks push inflation back toward 2%.
Drivers This Month
- Food and transport remain key swing factors
- External price pressures subdued
Policy Pulse
With inflation well below target, the BCEAO is positioned to support growth if needed.
Market Lens
Market participants expect continued price stability. The inflation outlook supports steady monetary policy and low volatility in local assets.
Closing Thoughts
Senegal’s inflation rate remains subdued, with February’s 0.8% print confirming a decisive break from late 2025 highs. The disinflation trend is broad-based, with food and transport costs now the main variables to watch. Policy and market conditions remain stable, with no signs of renewed price pressures on the horizon.
Frequently Asked Questions
- What is the latest Inflation Rate YoY for Senegal?
- Senegal’s annual inflation rate for February 2026 is 0.8%, up from 0.4% in January, according to official data.
- How does the February 2026 inflation figure compare to recent months?
- February’s 0.8% reading is well below the December 2025 peak of 2.9%, confirming a sharp disinflation trend.
- What are the main drivers of Senegal’s current inflation rate?
- Food and transport costs contributed most to the February 2026 inflation rate, while core and utility prices remained stable.
Senegal’s inflation has sharply decelerated, with February’s 0.8% YoY rate confirming a new phase of price stability.
Updated 3/10/26
This has been drafted with AI assistance and then thoroughly reviewed, refined, and approved by our human editorial team to ensure accuracy, and originality.
- Sigmanomics Economic Database, Senegal Inflation Rate YoY, accessed 3/10/26.
- BCEAO official inflation targets and releases, accessed 3/10/26.
February’s 0.8% YoY inflation reading doubled from January’s 0.4%, but remains well below the 12-month average of 2.0%. The sharp drop from December’s 2.9% underscores a rapid disinflation trend since late 2025. February’s figure is the second-lowest in the past year.
From September 2025 through December, inflation averaged 2.4%, before plunging in January and only partially rebounding in February. The current level is less than one-third of the recent December peak.