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Inflation Rate Trends and Forecast for Cameroon from 1990 to 2029

Inflation Rate Trends and Forecast for Cameroon from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Cameroon from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Cameroon
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Cameroon's inflation peaked in 1995 at 25.8% following the devaluation of the CFA franc in 1994, which sharply increased import prices. This was a corrective measure under structural adjustment programs. By 1999, inflation had fallen to 1.2%, reflecting improved economic conditions and currency stabilization.

In recent years, inflation spiked again to 7.2% in 2023 due to global economic disruptions and energy price volatility. Projections show a gradual decline to 2.5% by 2028, signaling a return to more stable economic conditions and effective policy management.

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