Cameroon’s
consumer inflation rate increased to 2.7 percent in 2015, according to a report
issued by the National Institute of Statistics on Monday.
The prices of alcoholic beverages and
tobacco rose by 8.9 percent, of transport by 7.5 percent and hotel and
restaurant services by 5.9 percent, the report said.
The increase in transportation costs
stems from an end to government subsidies of fuel prices in July 2014.
Cameroon, the largest economy in
central Africa, has an inflation ceiling of 3 percent. Inflation was 1.9
percent in 2014.
The International Monetary Fund has
predicted that Cameroon’s economy would grow by 5.2 percent in 2016, while the
World Bank predicts growth of 6.2 percent this year.