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Djibouti’s Annual Inflation Rate Declines to 4% in September

Oct. 16 (Bloomberg) -- Inflation in Djibouti slowed to 4 percent in September as the cost of some foods fell, the Department of Statistics and Demographic Studies said.

The inflation rate dropped from 4.6 percent in August, the Djibouti City-based agency said in an e-mailed statement yesterday. Prices rose 1.4 percent in the month, it said.

Djibouti, which hosts about 2,500 U.S. military personnel at the Camp Lemonnier military base, is a Horn of Africa nation about the size of Massachusetts. The country has a $982 million economy with fewer than 1 million people that relies on services related to its strategic location on the Red Sea, one of the world’s busiest shipping lanes, according to the U.S. State Department.

To contact the reporter on this story: Mohamed Osman Farah in Djibouti at mosmanfarah@bloomberg.net.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net.

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