Thursday, December 12, 2019

Food prices still at it pick in Buea and Bamenda

In its latest report on the comic impact of the crisis in Noso, the Inter-employer Groupement of Cameroon underlines galloping inflation in force.

According to this report, distribution channels are greatly disrupted by the security crisis. Transport difficulties particularly affect the distribution chains of both intermediate goods and agricultural inputs and consumer goods. "The Regions of South-West and North-West are not net producers of such products, their supplies depend essentially on the fluidity of road traffic and the quality of the distribution channels," notes Gicam. 

The Groupement then notes that most of the companies producing or importing these products, based in Douala, operate there through wholesaler or semi-wholesaler correspondents with whom they share roles and responsibilities in transport. "With the crisis, several of these correspondents have had to put the key under the mat, and for the more adventurous, the responsibility for transport is now completely up to them".

The difficulties of transport and the additional costs caused by the disorganization of the supply circuits have a direct consequence on prices. "Thus episodes of shortages and inflation are becoming more and more recurrent in the main cities and agglomerations of the South-West and North-West Regions," says Gicam. In its note on the evolution of the inflation during the year 20183 and its Bulletin of the indicators of conjunctures in the 1st quarter of 20194, the National Institute of Statistics (INS) indicates that Buéa ranked, in 2018, at the second largest regional capitals with the highest rates of inflation (2.0% after 0.3% in 2017); Bamenda was in sixth position (1.1% after 0.2% in 2017).