Bloomberg News

Djibouti Inflation Rate Rises to 5.2% on Food, Fuel Costs

June 27, 2011

(Updates with food, fuel costs in third paragraph.)

June 27 (Bloomberg) -- Inflation in Djibouti accelerated to 5.2 percent in May as food and fuel costs increased, the Department of Statistics and Demographic Studies said.

The inflation rate increased from 4.9 percent in April, the Djibouti-based agency said in an e-mailed statement on June 25. Prices rose 0.5 percent in the month, it said.

Food costs climbed 0.7 percent from April, while electricity, gas and other fuels jumped 1.3 percent “because of an increase in the price of kerosene,” the department said.

Djibouti, which hosts about 2,500 U.S. military personnel at the Camp Lemonnier military base, is a Horn of Africa nation about the size of the U.S. state of Massachusetts. The country has a $982 million economy with fewer than 1 million people that relies on services related to its strategic location on the Red Sea, one of the world’s busiest shipping lanes, according to the U.S. State Department.

--Editors: Paul Richardson, Vernon Wessels.

To contact the reporter on this story: Mohamed Farah in Djibouti via Nairobi at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net.


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