inflation

March 2025 marked a notable shift in Zambia’s economic course that hadn’t been seen since the summer of 2023. It's during times like these that we wonder, what drives such change? How do such economic metrics speak to the lived experiences of individuals? In an unexpected twist, the annual inflation rate in Zambia slipped to 16.5% this month, moving slightly down from February's mark of 16.8%. Even a small dip can make the headlines, stirring hopes and speculation.…

Consider the story of Nigeria's car import market, a tale of numbers and nuanced human behaviors. Historically, Nigerians have had a voracious appetite for used vehicles. According to estimates, a significant portion of cars arriving on Nigeria's shores are, indeed, used ones. Why, you might ask? The answer lies in a confluence of economic dynamics, policy shifts, and consumer demand that sway as unpredictably as a Lagos breeze. Nigeria’s automobile lifeline spans continents. Cars pour in from the United States, Italy,…

The Economic Seesaw: Egypt's Inflation Dynamics A fascinating piece of news has recently emerged from the cradle of civilization—Egypt. The country's statistics office unveiled that February marked a significant dip in the inflation rate, which shrank to an annual 12.8%. This is notably lower compared to January's staggering 24%. Imagine this: a country that only a year ago grappled with an economic downturn is now witnessing a lighter inflationary burden. Some may ask, "What sparked this turnaround?" To fully…

Exploring the Ebb and Flow of Kenya's Inflation Rates In recent times, Kenya's economic landscape has witnessed a fascinating dance of numbers, reflecting the country's inflation trajectory. Observing these movements is akin to watching a symphony, where every note, every pause, plays a part in the bigger picture of the Kenyan economy. Let's take a step back to September of last year. During this month, a noteworthy change was observed: inflation rates fell from 4.4% in August to an encouraging…

Inflation, a relentless specter haunting the African continent, burdens both individuals and enterprises. Though inflation is not unique to Africa, the continent's fragile economies, heavy import dependence, and capricious global influences exacerbate its impact manifold. This situation makes it exceedingly arduous for citizens to afford essentials and maintain business sustainability. But why does this happen with such intensity in Africa? Several factors contribute…

FILE PHOTO: A worker cradles freshly baked bread at a bustling Nairobi supermarket, May 8, 2017. Picture taken May 8, 2017. REUTERS/Baz Ratner/File Photo Purchase Licensing Rights There's a new wind blowing through Kenya’s financial corridors, touched by whispers of "Did you hear about the inflation twist?" The statistics office is sharpening its pencils and rolling out core inflation data for the first time. It's a tale as rivetting as any economic thriller (if such a thing exists). The move is akin to giving a GPS to…

An employee clutches some bread loaves in a Nairobi supermarket, Kenya on May 8, 2017. © Baz Ratner/Reuters File Photo Hold onto your hats because Kenya's inflation (KECPI=ECI) dipped to 3.6% in September, compared with 4.4% in the prior month, as revealed by official statistics on Wednesday. According to the Kenya National Bureau of Statistics, month-on-month inflation showed a slight uptick of 0.2% from a stagnant 0.0% the previous month. Aiming for a sweet spot, Kenya eyes an inflation rate between 2.5% and 7.5% over…

Ethnic clashes have claimed at least 17 lives in Sudan's Darfur region. Observers blame. Arab militias for launching attacks to settle land and livestock disputes. The cost of living for Ghanaians is at its highest for almost 6 years. Rising prices for basic commodities such as water and oil are leaving families and businesses struggling. And the Congolese authorities are committed to repressing poor quality construction after a tragic accident in Kinshasa. Experts blame corruption and poor urban planning. .

In tonight's edition: As commodity prices soar due to war in Ukraine, South Africa's finance minister warns the country could face fallout from food price inflation and oil, but that the conflict could also lead to an increase in the country's export earnings.…

In Sudan, the price of daily products has risen by more than 400% in one year, according to government figures. The rate of inflation is deteriorating every month and the Sudanese are watching the series of austerity reforms introduced by the transitional authorities to get into the nails set by the International Monetary Fund (IMF).…