In September 2024, consumer prices rose by 0.8% compared to the previous month and by 4.9% on average over the last twelve months, mainly due to the increase in the prices of local goods and services.
Compared to the previous month, household consumer prices rose by 0.8%, after an increase of 0.4% observed in the previous month. This increase is mainly due to a 2% increase in food prices, which continue to play a major role in inflationary dynamics. At the same time, other components such as “transport”, “housing, water, gas, electricity and other fuels”, “clothing and footwear” and “education” recorded increases of 0.4%, 0.2%, 0.2% and 0.4% respectively. The increase in food prices was largely due to higher prices for vegetables, breads and cereals, and fish and seafood. On the transport side, the rise in prices is mainly attributed to the increase in the cost of smuggled fuel, commonly known as ‘zoua-zoua’ or ‘fungen’, from Nigeria. Regarding education, the increase in costs is largely due to the increase in tuition and registration fees in many private and faith-based schools, especially at the primary and secondary levels, for the 2024/2025 school year.
