Prices of consumer product increase by 3% in first quarter of 2015

At the end of March 2015, consumer product prices rose by 2.8% in Cameroon. This is 1.5 % higher relative to the same period last year, according to a study by Cameroon’s National Institute of Statistics (INS).

“In the last 12 months, the increase has been an average of 2.3% compared to 1.7% observed in the same period a year ago,” states the INS.

The reason for the price increase is linked to the hike in transportation costs (11%) which also follows the average increase of 15% on fuel at the pump (premium rose from 569 to 650 FCFA and diesel rose from 520 FCFA to 600 FCFA) as of July 1, 2014.

Again there was a 4.2% increase in “the prices of restaurant and hotel services which worsened” due to price increases in beer and wine after the government increased duties on these products in 2015.