Oct. 16 (Bloomberg) -- Inflation in Djibouti slowed to 4 percent in September as the cost of some foods fell, the Department of Statistics and Demographic Studies said.
The inflation rate dropped from 4.6 percent in August, the Djibouti City-based agency said in an e-mailed statement yesterday. Prices rose 1.4 percent in the month, it 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 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, Shaji Mathew.
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