Cameroon’s inflation rate has surged to 6.5%, more than double the Central African Economic and Monetary Community (CEMAC) limit of 3%. This spike is attributed to rising food prices, increased fuel costs, and supply chain disruptions.
The high inflation is significantly impacting the cost of living, with essential goods becoming more expensive, thereby straining household budgets.
The government has introduced subsidies and social safety nets to mitigate these effects, while also emphasizing the need for long-term economic reforms to stabilize prices.
The Bank of Central African States (BEAC) has called for coordinated policy measures to address the inflation and support economic growth.
Economic analysts stress the importance of structural reforms to enhance productivity and resilience.
