Governor Buah Saidy has announced that inflation in The Gambia continues to decline steadily, reinforcing confidence that price stability is gradually being restored.

Speaking during the quarterly Monetary Policy Committee (MPC) meeting of the Central Bank of The Gambia, the Governor revealed that headline inflation fell to 6.4 percent in January 2026, down from 6.6 percent in December 2025 and significantly below the 18.5 percent peak recorded in September 2023.

According to Saidy, the sustained moderation reflects easing food prices, which declined to 6.2 percent from 6.4 percent. Prices of bread and cereals, oils and fats, sugar, and fish all recorded notable improvements. Non-food inflation remained stable at 6.4 percent.

Core inflation, which excludes energy and volatile food items, also declined further to 3.4 percent, suggesting that underlying domestic price pressures are weakening.

The Governor clarified that declining inflation does not mean prices are falling outright, but that the pace of increases has slowed considerably.

“The rate of price increase is decelerating,” he explained, noting that inflation has now moderated for nine consecutive months.

He projected that inflation could approach the Bank’s medium-term target of 5 percent by the end of 2026 if current trends persist.

Saidy attributed the improvement to coordinated monetary tightening in previous quarters, easing international commodity prices, and improved domestic supply conditions.

The Central Bank maintained that continued vigilance and data-driven decisions will be essential to locking in the gains achieved so far.

By Adama Makasuba