- Wednesday February 26th, 2025
- Posted by: inscameroun
- Category:
At the end of January 2025, consumer prices decreased by 0.2% compared to the previous month, marking the first monthly decrease since January 2024, meanwhile inflation calculated on average over the past twelve months stood at 4.5%. This decline over one month is mainly accounted for by the decrease in food prices and transport costs. Compared to December 2024, household consumer prices decreased by 0.2%, following an increase of 0.6% the previous month. This decline was mainly attributable to the decrease of 0.5% in food prices and 0.3% in transport costs. At the same time, the prices of clothing and footwear items as well as those in the “leisure and culture” category also posted a downward trend, contributing to the decrease in the general price level. In contrast, the prices of the “furniture, household and routine maintenance items”, “housing, water, gas, electricity and other fuels” components, as well as those of restaurants and hotels recorded increases of 0.3%, 0.2% and 0.3% respectively. The costs of communications, education and health remained virtually unchanged. The decline in food prices was mainly due to the decrease in the prices of fresh vegetables, especially fruit and root vegetables such as onions, as well as leafy vegetables. This trend was reinforced by the decrease in the prices of fruits, meats and fishes and seafood, which also helped to ease inflationary pressures. Year-on-year inflation reached 5.3% in January 2025, up from 5.0% in December 2024. Since it started accelerating in September 2024, annual inflation has maintained its progression, suggesting a possible change in momentum to watch in the coming months. Should this momentum continue, it could result in a gradual increase in average annual inflation. On average over the past twelve months, the inflation rate stands at 4.5%, exceeding the 3% threshold set by CEMAC, which is largely due to the 5.9% increase in food prices and 11.8% in transport costs, two essential spending items for households. By region, inflation rates change significantly from one region to another, from 3.0% in Garoua to 7.2% in Maroua. The east affected cities are Garoua (3.0%), Ngaoundere (3.3%) and Bertoua (3.5%), meanwhile the most affected are Maroua (7.2%), Douala (5.0%), Bafoussam (4.9%), Buea (4.7%) and Ebolowa (4.7%). These regional disparities are partly accounted for by differences in transport costs, product availability and the specific effects of local supply chains.
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