- Friday February 21st, 2025
- Posted by: inscameroun
- Category:
n 2024, with an inflation rate of 4.5%, the national economy continued to face lingering inflationary pressures, although their intensity has decreased. This trend is mainly explained by a 5.6% increase in food prices and a 12.3% increase in transportation costs, strongly impacted by the rise in fuel prices. It is important to note that, despite a decline compared to 2023, when inflation reached 7.4%, the rate remained above the 3% threshold set by CEMAC. Over the period 2022-2024, cumulative inflation thus amounted to 19.3%, a level significantly higher than the 17.5% recorded over the nine years of the 2013-2021 period, illustrating the magnitude of the inflationary shock on household purchasing power. Regional disparities remained marked, ranging from 3.0% in Garoua to 7.0% in Maroua. The gaps noted are the result of structural and cyclical factors, including transportation costs, the availability of consumer goods and dependence on imports, which influence prices differently depending on the region. In addition, several factors continued to fuel inflationary pressures. The increase in the cost of agricultural inputs and fertilizers has directly impacted food prices. Similarly, the increase in fuel and transportation costs has affected all economic sectors. In addition, disruptions in international markets, combined with the effects of climate change on agricultural production, constitute additional risks that have contributed to sustaining inflation. For 2025, controlling inflation will remain a central public policy issue in light of the Government’s objective of reducing the rate to 4%; an objective that could be compromised by the lingering inflationary tensions, especially due to the tax adjustments provided for in the State Finance Law for the financial year 2025 and a possible upward readjustment of energy prices (fuel, electricity and water)
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