Food prices are rising again after a drop the previous month.
In May 2020 and compared to April 2020, the Household Final Consumer Price Index fell by 0.2%, after an increase of 0.6% the previous month. This decrease in prices is mainly due to the decline in the prices of transport (-3.1% after +4.0% in the previous month) as well as clothing and footwear (-0.4% after +0.2% in the previous month). Conversely, the prices of food products (+0.8% after -0.2% in the previous month), housing, water, gas, electricity and other fuels (+0.4% after stability in the previous month) as well as leisure and culture (+0.2% after +1.7% in the previous month) increased over one month.
On average over the last twelve months, the general price level has increased at the same pace since September 2019, i.e. 2.4%. The inflation observed this month is largely due to the increase in the prices of food products (+4.6% as in the previous month), miscellaneous goods and services (+3.9% after +4.2% last month), restaurants and hotels (+3.0% after +3.4% the previous month), alcoholic beverages, tobacco and narcotics (+4.4% after +4.7% last month), as well as clothing and footwear (+3.1% after +3.3% last month).
The core inflation rate1 stands at 2.0%. The inflationary pressures observed in Douala were therefore not only maintained by fresh products (+6.7%). Energy prices fell by 4.0%. In addition, the prices of imported goods increased by 2.3% and those of local products by 2.4%.
