World
Cameroon inflation falls to 1.1pc year-on-year
YAOUNDE: Cameroon's inflation rate fell to 1.
1 min
By
The statistics institute has said that it expects inflation for this year to come in slightly under the Central African Economic and Monetary Community (CEMAC) ceiling of 3 percent.
The prices of alcoholic beverages and tobacco rose 5.4 percent, restaurant and hotel services 4.1 percent, and food and non-alcoholic beverages 1.7 percent, the report said.
Beer prices rose in part due to a new tax imposed on alcoholic beverages in 2015, which in turn increased prices at hotels and restaurants.
All cities except for Maroua saw a consumer price increase in the first nine months of 2016. The International Monetary Fund expects Cameroon's economy, central Africa's largest, to grow 4.8 percent this year.