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Cameroon's inflation rate fell to 1.3 percent in the first half of 2016, compared with 3.4 percent over the same period in 2015, the National Institute of Statistics said in a report on Thursday.

The price of cereals slipped 0.3 percent, while that of maize tumbled 9.0 percent.

On the other hand, the prices of alcoholic beverages and tobacco rose by 7.4 percent, and hotel and restaurant services by 4.9 percent.

 

 The report added that it expects inflation for this year to come in slightly under the Central African Economic and Monetary Community (CEMAC) ceiling of 3 percent.

The International Monetary Fund expects Cameroon's economy, central Africa's largest, to expand 4.9 percent this year.

 

 

Source: Reuters Africa http://af.reuters.com/

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