inflation

Inflation in Ghana: A Promising Turnaround In a remarkable turn of events, Ghana's inflation rate has dipped to its lowest level in over three years. This shift is largely attributed to a stronger national currency and reduced import costs, signaling a potential recovery for the West African nation. As reported by government statistician Alhassan Iddrisu during a recent news conference, consumer inflation eased to 18.4% year-on-year in May, down from 21.2% the previous month. This decline is a hopeful indicator…

In the face of soaring costs of living, many African nations have faced a daunting challenge. However, emerging trends show a beacon of hope as some countries are beginning to experience significant drops in inflation rates, even exceeding expectations. It's a reminder that resilience, amid adversity, can lead to remarkable economic turnarounds. According to recent projections from the African Development Bank, the average inflation rate across the continent is set to decline from 18.6% in 2024 to 12.6% in 2025.…

Ghana's consumer inflation has now marked its fourth consecutive month of decline, dropping to 21.2% in April 2025 from 22.4% in March, as detailed in the latest report from the Ghana Statistical Service (GSS). This downward trend evokes a mix of relief and curiosity; what does it mean for the average Ghanaian family, grappling daily with rising prices? The current decrease in inflation is primarily linked to a easing of pressures in both the food and non-food categories. Yet, it’s essential to highlight that inflation…

In recent months, Kenya has witnessed a significant surge in inflation, driven primarily by the scarcity of essential food staples such as maize, potatoes, and green vegetables. This spike not only puts additional stress on household budgets but also presents a formidable challenge for government authorities striving to maintain inflation at manageable levels. Have you ever experienced that sinking feeling when you notice the price of your staple food has suddenly skyrocketed? This shared struggle paints a vivid picture of…

From Pandemic Crisis to Stabilization Over the past few years, Zambia has navigated a complex economic landscape, marked by profound challenges and resilient adjustments. The year 2021 was particularly striking, as the country grappled with inflation that surged to nearly 25%. This spike coincided with Zambia's status as the first African nation to default on its debts during the tumultuous COVID-19 pandemic—an event that sent shockwaves through its economy and left many citizens questioning their financial future.…

Ghana, an enchanting land rich in culture and diversity, is witnessing a silver lining in its economic landscape. As the curtains drawn by its annual consumer inflation rate gradually lift, the spectacle of positive change is increasingly apparent. Over the past three months, the inflation rate has demonstrated a promising downward trajectory. Mar 2025 stands as a testament to this trend, with the inflation rate dipping to 22.4%, a subtle yet critical improvement from February’s 23.1%, according to meticulous…

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…