The political crisis caused by President Pierre Nkurunziza’s decision to seek a third term in April last year curbed much economic activity, mainly in the capital, Bujumbura. Now Burundi’s year-on-year inflation has risen to 2.7 percent in May up from 2.6 percent in April as food costs increased slightly, official data showed on Tuesday.
Food inflation from the beginning of the year to May rose to 2.8 percent from 2.5 percent in April, the country’s Institute of Economic Studies and Statistics (ISTEEBU) said in a report.
Subsequent human rights violation and a crackdown on the opposition and the media have led Western donors to suspend aid. Burundi is currently relying on domestic tax collection and modest tea and coffee exports.
Burundi’s economy shrank by 7.2 percent in 2015 and is expected to expand by 3.4 percent this year, according to the International Monetary Fund(IMF)