Djibouti inflation rate rises to 4.2 pct in June

DJIBOUTI (Reuters) - Consumer prices in Djibouti rose 0.6 percent in June from a month earlier, pushing the year-on-year rate to 4.2 percent from 4 percent in May, driven by higher food and transport prices, official data showed on Sunday.

The prices of food, drinks and tobacco rose 0.9 percent, while the cost of transport increased 0.2 percent. Housing, water, electricity gas and other fuel prices were up 1.7 percent, the Department of Statistics and Demographic Studies said in a statement.

The International Monetary Fund has projected that Djibouti's economy will expand 4.8 percent this year from 4.4 percent in 2011, driven by an acceleration of port activities, construction and services.

Source: http://news.yahoo.com/djibouti-inflation-rate-rises-4-2-pct-june-091254233--business.html

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