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.
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.
Find out more through related statistics on Cameroon’s manufacturing share in GDP, Cameroon’s agriculture GDP contribution, Industry sector’s share in cameroon’s GDP.
