INEGE presents report on consumer prices index

Equatorial Guinea National Statistics Office (INEGE) has presented the annual rate of inflation, which was 1.3% in 2018, above the rate for the previous year of 2017.

The evolution is explained by the average increase in the prices of non-alcoholic food and drink products (0.5%), and influenced by products such as frozen turkey meat (2.6%); onion (14.1%) and pumpkin (8%); also by transport (0.3%); individual local taxi (1 hour rate by 19.8%) and ordinary national maritime transport (1.2%): in addition to the health sector, furniture, household goods and everyday household maintenance (0.2%); education, restaurants and hotels (0.1%).

Annual inflation was curtailed by housing, water, electricity, gas and other fuels, with a variation of -0.2%.

In relation to the rate of inflation by city, the greatest rate was recorded in Ebebiyin, with an annual average of 3.6%; in second position is the city of Malabo, at 1.8%; in third and fourth positions are Mongomo (1,7%) and Evinayong (1.2%), and finally Bata, where an average rate of inflation of 0.1% was recorded.

Furthermore, in the accumulated variations by city, the accumulated variation recorded at the end of the year was obtained in Ebebiyin (4.4%), with the variation due mainly to the average evolution of prices corresponding to non-alcoholic food and drink products (8.5%), clothing and footwear (3.2%), health (1.3%), furniture, household goods and everyday household maintenance and transport (1,1%), restaurants and hotels (0.7%), alcoholic drinks, tobacco and drugs (0.6%), miscellaneous goods and services (0.3%); and offset by shows and culture (4.2%), housing, water, electricity, gas and other fuels (-2.7%) and communication (-2.5%).

In second place was Mongomo, with an accumulated variation of 4.2%, followed by Evinayong, with 2.7%, and finally Malabo and Bata, with 2.5%.

Source: Equatorial Guinea Press and Information Office

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