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Cameroon – Markets: Buea is the most expensive town in Cameroon

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Written by Deckson N.

According to the National Statistics Institute (NSI), the city of Buea is at the top of the most expensive cities in the country, with prices rising by 2.1% in September 2016.

According to the latest summary note published on Monday 12 December 2016 by the National Statistics Institute (NSI), household final consumer prices rose by 1.1% in 2016. In 2015 during the same period,  it was 3.0%. “On average over the last twelve months, the increase is 1.2%, nearly two points (1.7) lower compared to the level of a year ago. Overall, consumer prices increased in all cities during this period, with the exception of Maroua. The highest price increase was recorded in Buea (2.1%), “the report said.

Buea is followed by Bafoussam (1.8%), N’Gaoundere (1.6%), Bamenda (1.3%), Yaounde (1.3%) and Douala (1.1%). On the other hand, prices decreased by 0.8% in Maroua “probably because of the low demand coming from Nigeria“, notes NSI. This increase is “a result of soaring prices for alcoholic beverages and tobacco (5.4%), restaurants and hotels (4.1%) and food and non-alcoholic beverages (1.7%); Driven by rising prices for fruit products (13.4%), vegetables (8.0%), milk and dairy products, eggs and oils and fats (1.0%).

Fish and seafood prices are up 0.4%, while meat and cereal prices have declined by 2.1% and 1.2% respectively over the last twelve months. Costs of fruit, especially citrus fruit, increased by 13.1% and other fresh fruit (13.1%). “These include lemon (30%), soursop (20%) and soft avocado (20%)“.

Vegetable prices have increased by 8.0% over the last twelve months. “This is due to higher prices for starch (13.9%) and processed vegetables (6.0%) in general, including sweet potato (24%), coco-yam (16%) , Fresh non-ripe bananas (13%), yams (12%), plantains (11%), potatoes (10%) and dehydrated cassava (7%)“, says the report.

Oils and fats rose by 1.0%. Prices for sugars, jams, honey and chocolates also increased by 0.6%. Prices for frozen and fresh fish fell 2.2% and 1.0%, respectively. “Over the last twelve months, we note that inflation was only internal. Prices for local goods increased by 1.8%, while those for imported goods fell by 0.3%. This situation is explained by an insufficient supply of fresh produce “. For the Economie newspaper of December 14, 2016, it is the curious fact noted by the NSI.

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Deckson N.

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