Bloomberg News

Djibouti October Inflation 6.5% as Health, Food Costs Increase

December 13, 2011

Dec. 5 (Bloomberg) -- Inflation in Djibouti accelerated to 6.5 percent in October as health costs and the prices of some foods increased, the Department of Statistics and Demographic Studies said.

The inflation rate climbed from 4 percent in September, the Djibouti City-based agency said in an e-mailed statement today. Prices rose 0.5 percent in the month, it said. Health costs advanced 2.7 percent, as prices of vegetables jumped 7.3 percent from September, 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, Hilton Shone.

To contact the reporter on this story: Mohamed Osman 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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