(Business in Cameroon) - The National Institute of Statistics (INS) of Cameroon revealed in a recent report that the industrial producer price index (IPPI) in the country significantly increased during the first three months of 2022. In detail, factory gate prices have increased by 15% YoY over the period.
"In an international context marked by the Ukrainian crisis and the post-Covid economic recovery, the prices of agricultural raw materials, especially cereals have risen sharply, generating an increase in production prices in the food industry (+8.5%). This crisis has also resulted in a surge in oil and natural gas prices, with producer prices rising by more than 30% over the year. The prices of electricity production and distribution, water and sanitation have remained virtually unchanged," the INS indicated.
After extractive industries, the largest increase in factory gate prices in the first quarter of 2022 was observed in the metallurgy and metal products industries (+23%), according to INS data.