Ivory Coast inflation rises to 0.8 pct year-on-year in October

An employee works at the cheese section of Hyper Hayat supermarket at the newly expanded Cap Sud shopping mall in Abidjan, Ivory Coast, September 14, 2015. REUTERS/Joe Penney

ABIDJAN (Reuters) – Consumer price inflation in Ivory Coast rose to 0.8 percent year-on-year in October, up from 0.5 percent in September, data from the National Statistics Institute showed on Monday.

Food and soft drink prices in the world’s top cocoa producer rose 0.5 percent year-on-year, while housing and utilities prices jumped 3.1 percent. Transport costs rose 1.2 percent.

Ivory Coast’s economy accounts for around 40 percent of the eight-nation West African CFA franc currency zone.