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Côte d’Ivoire mobilises over $88m to combat soaring prices

On 4 March, during the 8pm news on the national public channel, Souleymane Diarrassouba, Côte d’Ivoire’s minister of trade and industry, announced that a series of measures would be implemented to deal with increasing food inflation.

Between January and March 2022, the prices of petroleum products, particularly diesel, will be partially subsidised thanks to a budgetary envelope of 55bn CFA francs ($91m). With regard to food products, a price ceiling will apply for a period of three months on refined palm oil, sugar, milk, rice, tomato paste, beef and pasta. The list of consumer products and services whose prices are regulated will be extended.

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