Cameroon’s agri-food industry sees a new drop in production costs, after a steady upward trend

Agri-food businesses in Cameroon witnessed a slight decline of 0.8% in production costs between April and June 2023, the National Institute of Statistics (INS) revealed in its latest Industrial Producer Price Index (IPPI). This is the second consecutive drop in ex-factory prices after that recorded in the first quarter. As a reminder, the sector has long seen repeated increases over more than a year “between the 3rd quarter of 2021 and the 4th quarter of 2022,” INS said. The new downward trend aligns with the general level of factory gate prices (-5.2%) in the industry sector over the same period.…