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…

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…