YAOUNDE Dec 13 Cameroon's inflation rate fell
to 1.1 percent in the first nine months of 2016, compared with 3
percent over the same period last year, the National Institute
of Statistics said on Tuesday.
The statistics institute has said 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 prices of alcoholic beverages and tobacco rose 5.4
percent, restaurant and hotel services 4.1 percent, and food and
non-alcoholic beverages 1.7 percent, the report said.
Beer prices rose in part due to a new tax imposed on
alcoholic beverages in 2015, which in turn increased prices at
hotels and restaurants. All cities except for Maroua saw a
consumer price increase in the first nine months of 2016.
The International Monetary Fund expects Cameroon's economy,
central Africa's largest, to grow 4.8 percent this year.
(Reporting by Sylvain Andzongo; Writing by Nellie Peyton;
Editing by Aaron Ross and Louise Ireland)