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Cameron's manufacturing costs drop 1.4% in Q3 2023, led by metallurgy and agri-food sectors

Cameron's manufacturing costs drop 1.4% in Q3 2023, led by metallurgy and agri-food sectors
  • Comments   -   Wednesday, 07 February 2024 16:32

(Business in Cameroon) - Factory-gate prices in the manufacturing industry in Cameroon experienced a decline of 1.4% year-on-year in Q3 2023, compared to the same period in 2022. The National Institute of Statistics (INS), which recently released its Industrial Producer Price Index (IPPI), attributes this decrease primarily to the metallurgy and agri-food sectors.

During the reviewed period, factory-gate prices decreased by 5.4% in the metallurgy sector and 4.4% in the agri-food industry. INS also observed a slightly more moderate decline in production costs in the industries manufacturing mineral products (-2%).

The IPPI is a quarterly report that measures the evolution of prices of industrial goods produced in Cameroon. It relates to factory gate prices, excluding taxes and subsidies, and excluding transport margins. The IPPI covers the secondary sector and includes the following activities: extractive industries, manufacturing activities, production and distribution of electricity and gas, production and distribution of water, sanitation, waste treatment, and pollution control.

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