Inflation

Pakistan is facing economic crisis amidst rising inflation and cost-of-living as successive governments battle to clinch a staff-level-agreement (SLA) for the resumption of a stalled International Monetary Fund bailout. This is also…

British inflation unexpectedly rose by 10.4% in February, pushed up by higher food prices and pricier drinks in pubs and restaurants, official data showed on Wednesday. This comes just a day before the Bank of England…

Financial experts have urged the Federal Government to tackle the challenges in domestic production and food insecurity to check the country’s rising inflation. Mr Sunny Nwosu, the founder of the Independent Shareholders Association of…

The Lagos Chamber of Commerce and Industry has warned that the continuous rise in the general price of goods and services has caused a reduction in the purchasing power of Nigerians. In a statement signed by its Director-General,…

Ghana’s inflation rate surged more than expected in December, driven by steep increases in food, transport and housing costs. Annual inflation quickened to 54.1% in the world’s second-largest cocoa…

Egypt’s urban inflation accelerated at its fastest pace in five years as several rounds of currency devaluation filtered through to consumers. Prices increased an annual 21.3% in December from 18.7% the previous month, the state-run…

The National Bureau of Statistics (NBS) in Nigeria says headline inflation rate in the country rose to 21.09% in October 2022, on a year–on–year basis. The NBS said this was 5.09% points higher compared to the rate recorded in October…

The Monetary Policy Committee of the Central Bank of Nigeria, has raised the benchmark interest rate from 14 to 15.5 percent. This represents a 150-basis-point increase from the 14 percent rate voted during the last MPC meeting in July.…

Renewed conflict in the north, crippling drought and stubbornly high inflation: Ethiopians rang in their new year with little to celebrate. At a livestock market in the capital Addis Ababa, traders and visitors alike bemoaned the various…

Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand. Brent crude…