In Togo, the inflation rate decreased slightly in February 2025, reaching 2.8%, down from 2.9% in January, based on the most recent data from INSEED. This development occurs within a context characterized by mixed sectoral increases, particularly in food items, and price adjustments driven by both local and global supply situations.
Specific rises in food prices
Examining the details, the Harmonized Consumer Price Index (HCPI), which monitors the changes in purchasing costs across the country’s markets, showed an annual increase of 2.1%. The “Food and non-alcoholic beverages” segment experienced a significant rise of 6.8%, while the costs for restaurants and accommodation services rose by 2.4%, and prices for housing, water, electricity, gas, and other fuels increased by 3.7%. Conversely, a decrease in transport prices (-1.7%) helped mitigate the overall inflationary effects of these increases.
Quarterly trends
When comparing to November 2024, prices in Togo increased by 1.4%, primarily due to the surge in food prices (+5.2%) and energy costs (+4.3%). Nonetheless, the decline in prices for imported goods (-2.2%) and services (-0.3%) helped to soften inflation. Additionally, despite this modest decrease in the inflation rate, numerous uncertainties continue to affect the trajectory of prices. The fluctuations in international commodity prices, climate-related challenges, and regional security issues remain essential factors to watch, as they are likely to impact prices in the upcoming months.
