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Annual inflation rate for September stands at 15%, says ISTEEBU

ByWebmaster

Oct 17, 2022

BUJUMBURA October 17th (ABP) – The annual inflation rate stood at +15.0% in September 2022 against +14.1% in the previous month, according to the Institute of Statistics and Economic Studies of Burundi in a report released on October 11. This annual inflation of +15.0% is due to the prices of food products which recorded an increase of 18.0%, mainly bread and cereals, oils and fats and vegetables which contributed to the increase respectively at 26.3%, 37.9% and 11.5% due to their weight in the household basket.

The non-food products that are added are essentially furniture products, household equipment and day-to-day maintenance of the house and transport also following their weight that these occupy in the household basket. The twelve functions of the International Classification of Individual Consumption by Function (COICOP) that make up the CPI recorded the following average annual variations: Food products and non-alcoholic beverages (+17.9%); Alcoholic Beverages and Tobacco (+8.1%); Clothing and Footwear (+10.1%); Housing, water, electricity, gas and other fuels (+11.2%); furnishings, household equipment and day-to-day home maintenance (+19.6%); Health (+20.2%); Transportation (+15.4%); Communications (+10.5%); leisure and culture (+5.0%); Teaching, education (+3.4%), Hotels, cafes, restaurants (+7.4%) and Other goods and services (+7.6%).

Year-on-year, the global consumer price index is up 20.9% for the month of September 2022 against a 19.6% increase for the previous month.

The monthly inflation rate stood at 1.7% in September 2022. In September 2022 the national household consumer price index recorded an increase of 1.7% against an increase of 1.0% in the previous month. The monthly rise in the consumer price index of 1.7% is attributable to the rise in food prices of 2.5%.

According to ISTEEBU, the annual inflation rate was 16% in 2017, -2.8 in 2018, -0.8 in 2019, 7.5% in 2020; 8.3% in 2021; 8.8% in January 2022; 9.5 in February 2022 in March, 10.7% in April, 11.9% in May and 12.6% in June, 13.4% in July and 14.1% in August.