| Pays | Test hypotheses | Time Period | Time Period |
| 1980-2012 | 1980-2020 | ||
| Bénin [BEN] | NER does not Granger Cause INFL | 0.4472 | 0.0996 |
| INFL does not Granger Cause NER | 0.6596 | 0.3309 | |
| Burkina Faso [BFA] | NER does not Granger Cause INFL | 0.6369 | 0.1734 |
| INFL does not Granger Cause NER | 0.9738 | 0.3991 | |
| Côte d’Ivoire [CIV] | NER does not Granger Cause INFL | 0.3766 | 0.0788 |
| INFL does not Granger Cause NER | 0.9385 | 0.3765 | |
| Guinée-Bissau [GNB] | NER does not Granger Cause INFL | 0.7900 | 0.2343 |
| INFL does not Granger Cause NER | 0.3527 | 0.6597 | |
| Mali [MLI] | NER does not Granger Cause INFL | 0.3519 | 0.2765 |
| INFL does not Granger Cause NER | 0.7880 | 0.3970 | |
| Niger [NER] | NER does not Granger Cause INFL | 0.5570 | 0.3682 |
| INFL does not Granger Cause NER | 0.8917 | 0.5648 | |
| Sénégal [SEN] | NER does not Granger Cause INFL | 0.9451 | 0.1574 |
| INFL does not Granger Cause NER | 0.9452 | 0.2489 | |
| Togo [TGO] | NER does not Granger Cause INFL | 0.2880 | 0.0651 |
| INFL does not Granger Cause NER | 0.7503 | 0.0874 |