The prices of products imported by Senegal rose by 3.2% in November 2021 compared to the previous month, according to data from the National Agency for Statistics and Demography (ANSD) based in Dakar.
This structure emphasizes in its note on the monthly indices of foreign trade prices that “this increase is mainly the result of the increase in the prices of mineral products which contributed to it by +4.8 percentage points, vegetable products ( +0.2), and transport equipment (+0.1).>>
However, this increase in the prices of imported products was mitigated by the fall in the prices of base metals and structures (-0.9%) and machinery and appliances (-0.4%).
Compared to November 2020, the prices of imported products rose sharply by 19.2%. Over the first eleven months of 2021, the ANSD reports that products purchased from outside have become more expensive by 7.0%, compared to the same period of 2020.
The prices of underlying import products, for their part, rose by 4.5% and those of volatile products fell by 2.2% between October and November 2021.
On a year-on-year basis, the prices of the underlying products improved by 25.1% while those of volatile import products fell by 1.6%. Over the first eleven months of 2021, the prices of the underlying products increased by 11.8% while those of the volatile products fell by 8.4%, compared to those of the same period of 2020.
As far as they are concerned, the prices of exported products increased by 2.5% in November 2021 compared to the previous month. According to the ANSD, this increase is linked to the appreciation in the prices of live animals and animal products, which contributed +1.4 percentage points, mineral products (+0.9) and fine pearls or cultured stones, gemstones or the like, precious metals (+0.7).
However, the fall in the prices of chemicals and base metals and works products limited this increase. Reported in November 2020, export products have become more expensive by 17.1%.
Over the first eleven months of 2021, they increased by 4.3%, compared to those of the same period of 2020. The prices of underlying products and those of volatile export products increased respectively by 2.1 % and 6.1%. Compared to November 2020, they increased by 16.1% and 26.4%. Over the first eleven months of 2021, they improved by 3.4% and 13.8% respectively, compared to those of the same period of 2020.
