Egypt’s annual headline inflation recorded 14.6% in July 2022, compared to 6.1% in the same month of 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced in a press release …
INFLATION
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AfricaBusiness and EconomyWestern Africa
Nigeria’s inflation overshoots World Bank projection by 20%
Nigeria’s inflation rate is now 20 per cent above the World Bank’s projection of 15.5 per cent. In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business …
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The National Bureau of Statistics on Friday revealed that the nation’s headline inflation rate increased to 18.60 per cent in June, up from 17.71 per cent in the previous month. …
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A new blow to the purchasing power of Zimbabweans. The latest figures from the Zimbabwe National Statistics Agency showed Saturday that the country’s annual inflation rate reached 191% in June. The …
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Inflation may worsen as Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn as of December 2021 to N19.01tn as of …
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Ghana’s inflation rate jumped to the highest level in more than 18 years in May as food and transport costs surged. Annual inflation accelerated to 27.6%, the fastest pace since …
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The statistics office said on Wednesday that the Inflation rate in Zimbabwe has jumped to 131.7% this May, as fallout from the Ukraine war hit an already battered economy. Inflation …
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Business and EconomyWestern Africa
Central Bank of Ghana raises interest rates again as inflation keep rising
The central bank of Ghana has raised its main interest rate by 200 basis points to 19% to control inflationary pressures and promote macroeconomic stability, Ernest Addison governor of the …
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Egyptian Prime Minister Mostafa Madbouli has announced a series of planned privatizations of state-owned companies, as the country struggles with an economic crisis and inflation at almost 15% in April. …