- lundi 25 septembre 2023
- Envoyé par : inscameroun
- Catégorie :
Driven by food prices which rose by 13.3%, inflation reached an annual average of 7.8% at the end of August.
Compared to the previous month, household final consumer prices increased by 0.5% in August 2023, following a 0.4% rise in July. This increase in prices was mainly due to an increase by 1.3% in food prices and 1.1% in education costs. The 1.1% increase in education costs was as a result of the rise in annual tuition and/or registration fees in certain private and/or denominational primary and secondary schools. Although the prices of certain school supplies also increased, it should be noted that the prices of most textbooks listed on the official lists remained stable. Compared to the same month in 2022, the general price level rose by 7.8% in August 2023, mainly as a result of the 10.9% rise in food prices and 16.8% rise in transport costs. On average, stationery prices increased by 4.6% between June and August 2023 compared to the same period in 2022 In one year, the prices of “drawing materials and other office supplies” increased by 6.6%. On average over the past twelve months, the inflation rate in August stood at 7.8%, exceeding the 3% threshold set by CEMAC. This increase was mainly as a result of the 13.3% rise in food prices, 10.4% rise in transport costs and 8.6% rise in the prices of furniture, household goods and routine maintenance items. The inflation rate remained above 7% in 9 regional capital cities; the highest was recorded in Bertoua, meanwhile the lowest rate was observed in Garoua. The underlying inflation rate1, excluding the prices of petroleum products and domestic gas in particular, increased to reach 6.8%. Inflation was not only fuelled by fresh products and energy products, whose prices increased by 13.9% and 5.7% respectively. Depending on the origin of the products, the increase was more significant for local products, whose prices rose by 8.5%, than for imported products, whose prices increased by 6.0%.