Burundi annual inflation falls to 6.5 percent in 2010

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Burundi’s annual
inflation rate dropped to 6.5 percent last year from 10.5 percent 2009
thanks to lower food costs, but prices will likely rise again in 2011,
the country’s statistics board said on Friday.

“Prices of food
products were generally low in 2010 compared to 2009,” said Elie
Ndiririkirirenza, head of the price index at the Institute of Economic
Studies and Statistics(ISTEEBU).

However, ISTEEBU says the increasing cost of essential commodities
would drive up consumer prices in the land-locked nation this year,
although the magnitude of the increase would largely depend on the
price of oil on global markets.

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