Togo’s annual inflation rate fell sharply to 0.4 percent in 2025, its lowest level in three years, easing from 2.9 percent in 2024 as declining food prices offset rising housing and energy costs, official data showed.
Figures published by the National Institute of Statistics and Economic and Demographic Studies (INSEED) in its December inflation report showed consumer prices were broadly stable over the year, reflecting contrasting movements across key spending categories.
The Harmonized Index of Consumer Prices stood at 102.2 in December 2025, virtually unchanged from its level a year earlier, indicating subdued price pressures in the West African country.
Housing, water, electricity, gas and other fuels recorded the sharpest increase, rising 9.4 percent year on year, driven by higher utility and energy-related costs. By contrast, prices for food and non-alcoholic beverages which account for a large share of household consumption fell by 2.0 percent, helping to pull overall inflation down.
On a month-on-month basis, consumer prices rose 0.3 percent between November and December, INSEED said. The increase was mainly attributed to higher prices in restaurants and accommodation services, which climbed 1.3 percent, alongside a 0.4 percent rise in food prices.
Within the food category, prices for prepared meals increased, while several staple products also recorded notable gains. Maize prices rose 5.2 percent over the month, while traditional palm oil increased by 5.5 percent, reflecting seasonal and supply-related factors.
Price developments varied significantly across regions, highlighting disparities in the cost of living. In the capital, Lomé, imported rice sold at an average of 654 CFA francs per kilogram in December, compared with 457 CFA francs in the northern Savanes region. Palm oil prices ranged from 1,855 CFA francs per litre in Lomé to as much as 2,197 CFA francs in Kara, according to the report.
Compared with September 2025, the overall price level rose modestly by 0.2 percent in December. This quarterly increase was largely driven by a 4.2 percent rise in housing, water, electricity, gas and other fuels, underscoring persistent pressure in utility-related costs despite broader price stability.
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The slowdown in inflation provides some relief to households after elevated prices in previous years, although rising housing and energy costs continue to weigh on consumer budgets, economists say.
Togo, a member of the West African Economic and Monetary Union, uses the CFA franc and shares a regional central bank and inflation target with seven other countries in the bloc.
