Consumer prices in Burundi decreased 2.4% year-on-year in May 2019, following a 2.2% fall in the prior month. Is is the sixteenth month of deflation, as prices went down for food & non-alcoholic beverages (-5.7% vs -6% in April), of which bread & cereals (-5.6% vs -4%); fish & seafood (-6.2% vs -9.9%) and vegetables (-9.4% vs -10.1%; alcoholic beverages & tobacco (-1.6% vs -1.5%) and restaurants & hotels (-1.5% vs 0.2%). In addition, cost slowed for housing & utilities (0.1% vs 4.2%) and clothing & footwear (2.4% vs 3%). On a monthly basis, consumer prices went up 0.4 percent, after rising 1.5 percent in the previous month. Inflation Rate in Burundi averaged 10.95 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 -2.00 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 3.20 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.