In January 2020 and relative to December 2019, the Household Final Consumer Price Index fell by 0.2%, ending a series of eleven consecutive months of increases. This price decrease observed at the beginning of the year is mainly due to the decline in the prices of food products (-0.2% after +0.8% the previous month), housing, water, gas, electricity and other fuels (-0.3% after -0.5% the previous month), transport (-0.3% after +3.2% the previous month) as well as clothing and footwear (-0.2% after +0.4% the previous month).
Compared to the same period in 2019, the general price level increased by 2.5%, after 2.2% in December 2019. This price increase is mainly due to the increase in the prices of food products (+6.1% after +4.5% the previous month) as well as restaurants and hotels (+2.7% after +2.9%).
On average over the last twelve months, the general price level has increased by 2.4%, at the same pace as in December 2019. The inflation observed is largely the result of the rise in the prices of food products (+4.9% after +4.7% the previous month) and restaurants and hotels (+3.6% after +3.8%).
The core inflation rate stands at +1.2%. The inflationary pressures observed in Yaoundé in January 2020 were therefore not only maintained by fresh products (+9.0%). Moreover, inflation is more of an internal (+2.6%) than external (+1.7%) origin.
