Abstract

The current economic situation in Cameroon is characterized by a persistent increase trend in the pricing of basic necessities which is spreading to all other sorts of goods eroding household purchasing power The high cost of living is exacerbated because wages particularly salaries do not follow the same rising trend as the cost of commodities Consequently it is critical to address the dual problem of rising prices and low wealth creation The goal of this research is to produce a diagnostic that will allow us to recommend a set of economic policy solutions to help Cameroon escape the abyss into which it is currently sinking We provide an institutional explanation for the return of Cameroon s high living cost in addition to the existing theories