(Business in Cameroon) - Yaoundé residents last month experienced an increase in food prices. The national statistics institute (INS) revealed prices went up 0.8% in the city.
The monthly hike, INS explained, is motivated by an upward trend in the prices of vegetables (+3.2% in Nov. 2018 after a 4.0% increase in Oct. 2018), fruits (+1.0% after + 9.9%), as well as fish and seafood (+0.7% after +0.2%). However, the prices of some items fell over the period. These include milk, cheese and eggs (-1.8% after 0.0%), meat (-0.7% after -0.6%), bread and cereals (-0.5% after 1.3%).
According to INS, “the acceleration in vegetable prices is mainly due to the increase in the prices of fresh leafy vegetables (okok, zoom, folon, cassava leaf, etc.), fresh fruit or root vegetables (onion, fresh cucumber, etc.). While the decrease in the prices of chicken eggs dropped that of prices of milk, cheese and egg”.
Other price hikes were observed for housing, water, gas, electricity and other fuels (+0.5% after +0.4%), transport (+0.2% after -0.1%), education (+0.1% after +0.4%), and miscellaneous goods and services (+0.1% after a stable trend). But prices of alcoholic beverages, tobacco and narcotics fell by 0.1%, over the period.