On Tuesday 14th August, the Economic and Monetary Community of Central Africa (CEMAC) and the member States decided to proceed with the application of a Harmonised Consumer Price Index (HCPI) which is going to be one of the multilateral monitoring indicators. The index will take 2018 as its base, and the collection of data will begin on Tuesday in the two main cities in the country. We are including the full content with this article.
Following the economic crisis in our CEMAC subregion, and the fact that regional integration in the subregion is getting stronger and stronger, inter-regional trade makes the need to improve and harmonise statistics imperative in member countries in the subregion, in order to be a be able to compare the evolution of prices of products and services in the countries making up the subregion. All that with the aim of reporting and providing the establishment of a common monetary policy based on evidence, and to guarantee the practise of multilateral monitoring”.
Source: Equatorial Guinea Institute of National Statistics