Inflation in Yaounde rose to 7.6% in September (August: 6.6%) due to double-digit price increases for food. Energy and transport costs remained roughly stable due to government subsidies. In 2023, lower commodity prices, the CFA’s euro peg and higher interest rates should dampen inflation. A potential removal of government subsidies is the main upside risk.
Cameroon Money (ann. var. of M2 %) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Money (ann. var. of M2 %) | 5.7 | 10.2 | 11.8 | 12.8 | 17.1 |