• Inflation declined to 0.8% in September from 1.1% in August. 
• The rate remains below the 3% WAEMU convergence threshold for nine straight months.
• Strong harvests sharply reduced food prices including yam (-40%) and tomatoes (-20%).

The National Institute of Statistics and Economic and Demographic Studies (INSEED) reported Togo's inflation rate settled at 0.8% in September 2025. This figure compares to 1.1% just one month earlier. This decline, primarily supported by decreasing food prices, confirms the country’s inflation control remains below the 3% community threshold set by the West African Economic and Monetary Union (WAEMU). Furthermore, this data reflects the effectiveness of the stabilization policies the West African nation implemented.

Togolese prices stabilize progressively month after month. The INSEED recently published data showing the inflation rate dropped to 0.8% in September 2025, compared to 1.1% in August. This development brings good news to households, occurring within a context where economic authorities prioritize price stability.

This significant decrease confirms a trend which began in late 2024, Togo First indicates. The inflation rate remained below the 3% UEMOA convergence threshold throughout the first nine months of the year. The country registered 2.9% inflation in December 2024, initiating a regular decline over the entire period since.

The replenishment of food prices primarily explains the general slowdown behind these figures. September marks the period for initial harvests, especially in the northern and southern agricultural regions of the country. Consequently, markets observed a sharp fall in the prices of several food items, including yam, cassava, tomato, pepper, corn, and local rice.

The INSEED highlighted some spectacular variations. Yam for fufu, for example, plunged by more than 40% over one month, while local tomatoes dropped by nearly 20%. Pepper fell by 25.2%, cassava by 15.3%, and white corn by 9.7%. Traditional dishes such as fufu or wokoumé—a corn paste dish—followed the same trend, registering price declines of 5% to 7%.

This positive evolution also reflects the Togolese government's efforts to contain consumer prices. Lomé multiplied measures supporting agricultural production, favorable fiscal policies, and targeted aid mechanisms for households. The authorities set the objective to preserve purchasing power and prevent any price surge on basic goods, particularly as several neighboring countries continue facing inflation rates above 5%.

With average inflation below 3% since January, Lomé thus further consolidates its economic stability. This stability represents a significant asset for the country's credibility towards donors and investors. The inflation rate, which fell from 2.9% in December 2024 to 0.8% in September 2025, reflects a near-continuous disinflation over nine months, following the peaks of 2022 and 2023.

One must determine if the country can maintain this trend approaching the year-end, a period often marked by a seasonal rise in demand and prices.

This article was initially published in French by Fiacre E. Kakpo

Adapted in English by Ange Jason Quenum