Ministry of Commerce organizes commodity sales to curb inflation in Cameroon –
Posted on 13.06.2022 at 11:41 by Nana Kamsukom
The departmental delegation of the Ministry of Commerce of Mfoundi announces from June 13 the public sales of basic necessities such as refined oils, rice, soap, sardines, pasta.
This special operation targets consumers and is organized with the support of the company Mama Sarl, which aims to provide relief in this period of crisis, characterized by the scarcity and soaring prices of consumer products, explains the delegation.
The delegation indicated that the sales will be held every working day from 10 a.m. to 3 p.m., while supplies last, in the premises of the Departmental Delegation of Commerce of Mfoundi, located in Nlongkak. The service is also seeking the support of other corporate citizens for this operation.
This decentralized service of the Ministry of Commerce is thus trying to curb the generalized inflationary trend observed on the markets of the Cameroonian capital. For example, the price of a liter of oil jumped from 1150 to 1800 FCFA in some shops in the capital, an increase of almost 36%. The same goes for products such as rice, pasta and soap. Sometimes these products are simply not available on the stalls of certain markets or points of sale.
These sales campaigns have already started in other cities of the country. Since the beginning of June, a promotional sale of refined vegetable oil to the population of the city of Maroua at the recommended price of 1,150 CFA francs per liter has been underway under the supervision of the regional delegate for trade in the Far North.
According to a note from the National Institute of Statistics (INS) last May, the prices of consumer products are soaring in Cameroon in this year 2022.It is very likely, under these conditions, that the inflation rate exceeds the 3% threshold retained by the CEMAC. [Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad] in its multilateral surveillance system“, said the INS.
“Rising global food and energy prices currently pose a dual threat of inflation,warns the INS. As a result, he says, local businesses are likely to face more difficulty in sourcing inputs, which could increase producer prices and thus accelerate inflation of local products, including manufactured goods and agricultural products.