Consumer prices in Burundi fell 7.3 percent year-on-year in November of 2018, following a 8.4 percent decrease in the previous month. Cost food & non-alcoholic beverages declined at a softer pace (-18.4 percent from -19.9 percent in October) and prices rose further for transport (7.3 percent from 7.2 percent); clothing & footwear (6.2 percent from 5.5 percent); recreation & culture (5.0 percent from 3.9 percent); health (10.6 percent from 10.2 percent); education (2.8 percent from 0.6 percent) and miscellaneous goods & services (9.4 percent from 6.6 percent). On the other hand, cost eased for housing & utilities (10.8 percent from 11.3 percent) and furnishings & housing equipment (5.7 percent from 5.8 percent). On a monthly basis, consumer prices went up 1.2 percent, after dropping 1.4 percent in the prior month. Inflation Rate in Burundi averaged 11.11 percent from 1974 until 2018, reaching an all time high of 44.93 percent in May of 1997 and a record low of -8.40 percent in October of 2018.
Inflation Rate in Burundi is expected to be -6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Burundi to stand at 1.20 in 12 months time. In the long-term, the Burundi Inflation Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.