Central Bank’s Optimistic Inflation Outlook Faces Setback in 2025
Despite the Central Bank of The Gambia’s earlier projections for a decline in inflation, the latest figures show a slight increase to 10.2% in early 2025, driven largely by rising non-food costs, including housing, energy, and services. More in this publication.
Central Bank: Headline Inflation and Food Inflation Down for April 2024
The Gambia’s Central Bank held a press conference on 23rd May 2024 revealing that headline and food inflation had declined in April 2024.
2024 Budget Speech: Inflation Reached Record High 18.5% in September 2023
During the Finance Minister’s 2024 Budget Speech he highlighted that Inflation reached a record high 18.5% in September 2023 and noted some of the steps the government took bring down the cost of fuel and food in particular in an attempt to curb inflation and price increases.
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