Cameroon's Industrial Production Prices Rise 2.4% in Q2 2026

The National Institute of Statistics (INS) of Cameroon released its analysis of the Industrial Production Price Index (IPPI) for the second quarter of 2026, revealing a 2.4% increase. This growth is attributed to the extractive industries, which saw an 11% rise, and the agro-food industries, which experienced a more moderate 1% increase. The INS noted that these developments reflect ongoing pressures on industrial production costs, particularly in sectors dependent on raw materials and imported inputs.

The extractive industries recorded the highest growth in the quarter, with a 11% increase in production prices. This surge is linked to the firmness of international crude oil and mineral resource prices, which impacted the prices practiced by national producers. Compared to the same quarter in 2025, the production prices of extractive industries rose by 16%. The INS attributed this surge to the global shockwave triggered by the conflict between Iran and the US-Israel coalition.

The agro-food industry also contributed to the IPPI growth, albeit at a slower pace, with a 1% increase in production prices. This moderate growth is due to the rise in certain agricultural input costs, packaging, and transportation expenses. The INS highlighted that these sectors continue to face pressure on their production costs, largely influenced by fluctuations in raw material and imported input prices.

In contrast, the chemical, pharmaceutical, and plastics industries experienced a slight decline in production prices, at -0.8%. This decrease is attributed to stable supplies of certain inputs, such as palm oil used in soap manufacturing, during the quarter. The INS noted that this stability helped mitigate price pressures in these industries.

The INS analysis also highlighted the impact of global events on Cameroon's industrial production prices. The temporary closure and disruptions around the Strait of Hormuz, a critical oil transportation route, led to a reduction in global oil supply, contributing to the price hike. This international context has influenced the country's industrial production costs, particularly in the extractive sector.

The 2.4% growth in industrial production prices for Q2 2026 indicates ongoing challenges for Cameroon's industrial sector. The INS emphasized that these developments underscore the need for continuous monitoring of production costs and prices, especially in sectors heavily reliant on imported inputs and raw materials. The sector's performance is crucial for the country's economic growth and stability.

Moving forward, the industrial sector in Cameroon is likely to face continued pressure from global market trends and fluctuations in raw material prices. The government's policies and the sector's adaptability will play a significant role in mitigating these challenges. The INS will continue to monitor and report on these developments, providing essential data for economic planning and decision-making.

Key points

• The extractive industries drove the 2.4% growth in industrial production prices, with an 11% increase in Q2 2026.