Inflation In 2017: Basic Commodity Prices Hike By 0.6 Per Cent

A recent report published by the National Institute of Statistic shows that the rate stood at 1.1 per cent in the first nine months of last year.

The prices of basic commodities in the country rose by 0.6 per cent during the period January-September 2017, a recent report by Cameroon’s National Institute of Statistics (NIS) has shown. Going by the study carried out by NIS’s Department of Demographic and Social Statistics, the hike stood at 1.1 per cent during the same period last year. 

The report which details the evolution of inflation in the country indicates that the general price level rose by 0.5 per cent in the last 12 months (October 2016-September 2017), short of 0.7 per cent of the rate the previous year.

In the report, the researchers suggest that the general rise in prices in the last 12 months can largely be accounted for by the increase in the prices of catering and hotel services, tobacco, alcoholic beverages and spirit, as well as diverse goods and services. However, the report notes that inflation was slowed down by the prices of food and other basic household commodities which reduced by 0.3 per cent.

Price of beef reduced by 2.1 per cent, fish and other frozen products by 2.1 per cent and fruits by 1.5 per cent.

The report shows that within the period under review, Bertoua experienced the highest rate...