Macroeconomic Forecast Sierra Leone

June 2008 | Macroeconomic Forecasts

With the exception of February 2008, inflation in Sierra Leone consistently runs in the double digits. However, April's CPI growth of 2.7% m-o-m to 13.1% y-o-y was particularly concerning. As a net importer of grain and many other food products, Sierra Leone is particularly vulnerable to elevated global food prices. Food, which makes up 50.1% of the CPI basket, contributed 665 basis points of the overall increase, as prices spike up by 16.8% y-o-y., from 11.9% y-o-y the previous month, a trend we expect to worsen over the coming months.

If you would like to subscribe to West Africa Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to West Africa Monitor please click on the trial link below.