Burundi inflation rate rises in October to 4.7 pct

Wed Nov 24, 2010 2:27pm GMT
 

BUJUMBURA (Reuters) - Burundi's year-on-year inflation rate rose to 4.7 percent in October from 3.5 percent in September, thanks to a rise in the cost of household goods, the national statistics bureau said on Wednesday.

"This inflation was caused by prices of household commodities which have gone up 6.5 percent over the past 12 months to October from 4.6 percent in September," Elie Ndiririkirirenza, principal in charge of the price index at the Institute of Economic Studies and Statistics, told Reuters.

"We have also registered a rise in prices of housing, water and energy which went up 0.6 percent over the 12 months to October from -3.3 percent in September," said Ndiririkirirenza.

The annual inflation rate in the landlocked country of 8 million fell to 10.5 percent in 2009, from 24.5 percent in 2008, helped by a fall in prices of essential commodities such as fuel and food.

The year-on-year inflation rate has been in single digits so far in 2010, hitting a peak of 9.8 percent in July.

<p>A woman shops at a supermarket in Nairobi October 23, 2008. REUTERS/Antony Njuguna</p>

Market Update

  • Africa
  • US
  • Europe
  • Asia
UK £ USD =1.6564
Euro USD =1.3121
Rand USD =0.0935