Burundi’s June inflation accelerates to 9.7 percent
Burundi’s
year-on-year inflation rose to 9.7 percent in June, from 8.4 percent in
May, driven by housing, water and energy costs, the country’s
statistics board said on Tuesday.
Prices of housing,
water and energy jumped to 18.7 percent over the 12 months ending in
June, from 13.4 percent in May, a report by the Institute of Economic
Studies and Statistics said.
The annual
inflation rate in the landlocked country hit a record of 24.5 percent
in 2008, from 8.3 percent in 2007, due to high world fuel and commodity
prices. It dropped to 10.5 percent in 2009, helped by a fall in prices
of essential commodities.
The International
Monetary Fund (IMF) predicts Burundi’s economy will grow by 3.9 percent
this year, up from 3.5 percent in 2009, based on expected strong
production of coffee.
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