Reference Date: 15-January-2018
The country produces a very limited quantity of cereals. The main staple foods are sweet potatoes, cassava and plantains. With a population of about 1.2 million, the total cereal import requirement for 2017, mostly supplied through commercial channels, is forecast at about 44 000 tonnes, including 22 000 tonnes of rice and 22 000 tonnes of wheat.
In recent years, the rates of inflation have been at generally low levels (less than 2 percent) due to a reduced demand from the slow economic growth and the relatively strong local currency, which exerts downward pressure on prices of imported goods. According to the International Monetary Fund, the average inflation rates were about 1.4 percent in 2016, 1.7 percent in 2017 and are forecast to rise slightly to 1.8 percent in 2018.
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