CEMAC Commodity Prices Surge 11.4% on Oil, Gas Price Hikes

Prices for major commodities exported by CEMAC countries surged 11.4% in Q2 2026, driven largely by oil and natural gas price hikes.

The Bank of Central African States (BEAC) attributes the increase to geopolitical tensions in the Middle East, threats to maritime transportation, particularly through the Strait of Hormuz, and disruptions affecting liquefied natural gas infrastructure.

Energy products saw a 20.4% price jump in Q2, accounting for 11.3 percentage points of the overall commodity price index increase.

Non-energy commodities prices declined by 0.4%, subtracting 0.2 percentage point from the overall index.