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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe government of Côte d'Ivoire is implementing 9 new measures to counter inflation. The announcement was made on Saturday, March 5, via a press release posted on its website.
With a view to protecting the purchasing power of the populations, the Ivorian executive decided, in May 2021, to freeze diesel prices. While the level of inflation is on the rise this year, the government has just announced additional measures. These are $55 million in price subsidies for petroleum products; capping the prices of refined palm oil, sugar, milk, rice, tomato concentrate, beef and pasta, during the period from January to March; an expansion of the list of consumer goods and services with price regulation; the establishment of the principle of prior information and consultation, before any increase in the prices of consumer goods for a period of six months; and the submission to authorization of exports of staple foods, in particular plantain, cassava and derivatives (attiéké, placali), yams, and local rice. The government will also financially support food producers.
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