REPUBLIC OF CAMEROON Peace – work - Fatherland Ministry of Small and Medium-Sized Enterprises, Social Economy and Handicrafts MINPMEESA
REPUBLICIQUE DU CAMEROUN Paix - Travail - Patrie Ministère des Petites et Moyennes Entreprises, de l’Economie Sociale et de l’Artisanat
# ECONOMIC FORECAST
« Inflationary pressures around the world; effects on the activities of SMESEHs in CAMEROON »
!img-0.jpeg
!img-1.jpeg
N° 001/2023
MINPMEESA P.O. Box 6096 YAOUNDE Phone: (237) 222 23 23 88 Fax: (237) 222 22 41 58 Email: cabinet@minpmeesa.cm Website: www.minpmeesa.cm
July 2023
i
# CONTENTS
LIST OF TABLES... ii LIST OF GRAPHS... ii LIST OF APPENDICES... ii ACRONYMS AND ABBREVIATIONS... iii INTRODUCTION... 1 I. INFLATIONARY SITUATION IN THE WORLD AND IN THE CEMAC SUB-REGION... 2 1. Evolution of inflation in the world... 2 2. Inflationary pressures in the CEMAC zone... 5 II. NATIONAL DIAGNOSIS AND RIPPLE EFFECTS... 7 1. Evolution and causes of inflation at the national level... 7 2. Main products affected by the Russo-Ukrainian conflict... 13 III. IDENTIFICATION OF MITIGATION MEASURES... 15 1. Some measures adopted by the State... 15 2. Outlook on the evolution of inflation... 17 CONCLUSION... 18 BIBLIOGRAPHY... iv APPENDICES... v
ii
# LIST OF TABLES
Table 1: Food price index from 2018 to October 2022. ...4 Table 2: Food price index from January to October 2022 ...5
# LIST OF GRAPHS
Graph 1: Evolution of inflation in the world ...3 Graph 2: Evolution of inflation in CEMAC from September 2020 to September 2022 ...7 Graph 3: Contributions of consumption functions to the CEMAC consumer price index between September 2021 and September 2022. ...7 Graph 4: Evolution of inflation in Cameroon over the period 2017-2022 ...8 Graph 5: Situation of the inflation rate (in %) in the cities of Cameroon on a year-on-year basis 2021-2022. ...9 Graph 6: Evolution of food product prices in Cameroon (in %) ...11 Graph 7: Proportion of businesses impacted by inflation by branch of activity in Cameroon (in %) ...12 Graph 8: Proportion of business leaders having created new jobs in the 4th arrondissement quarter 2022 by branch of activity ...13 Graph 9: Evolution of food product prices (in %) ...14
# LIST OF APPENDICES
Appendix 1: Conceptual reminders on inflation ...v Appendix 2: Main Ukrainian and Russian exports and their shares in world trade ...vi
iii
# ACRONYMS AND ABBREVIATIONS
BEAC Bank of Central African States
CEMAC Economic and Monetary Community of Central Africa
CAM Food and Agricultural Organization
IMF International Monetary Fund
FCFA Central African Financial Cooperation Franc
NSI National Institute of Statistics
CPI Consumer price index
MINPMEESA Ministry of Small and Medium Enterprises, Social Economy and Handicrafts
GDP Gross domestic product
TFP Technical and Financial Partners
SMEs Small and medium enterprises
PMEESA Small and Medium Enterprises, Social Economy and Crafts
Minimum Guaranteed Interprofessional Minimum Wage wage
SND30 National Development Strategy 2020-2030
1
# INTRODUCTION