Consumer prices in Burundi dropped 0.6 percent year-on-year in August 2019, following a 2.6 percent decline in the previous month. It was the nineteenth month of deflation, though at the softest pace since June 2018. Prices decreased less for food & non-alcoholic beverages (-2.9 percent vs -6.2 percent in July), namely due to vegetables (-8.2 percent vs -11.8 percent); alcoholic beverages & tobacco (-0.7 percent vs -2.5 percent) and restaurants & hotels (-2.5 percent vs -2.6 percent). Moreover, cost went up faster for clothing & footwear (4.0 percent vs 2.1 percent); furnishings (4.3 percent vs 3.5 percent); health (3.2 percent vs 1.9 percent); transport (2.0 percent vs 1.8 percent); recreation & culture (8.3 percent vs 3.8 percent) and miscellaneous goods & services (2.1 percent vs 1.7 percent). On a monthly basis, consumer prices rose 0.8 percent, after a 0.6 percent increase in the previous month. Inflation Rate in Burundi averaged 10.89 percent from 1974 until 2019, 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 -0.90 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 2.30 in 12 months time. In the long-term, the Burundi Inflation Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.