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South African inflation unexpectedly slows in August

South Africa on-year from 3.5% in July (ZACPIY=ECI), opens new tab, statistics agency data showed on Wednesday. Economists polled by Reuters had predicted annual inflation would edge up to 3.6%, still comfortably within the central bank’s 3%-6% target range. Well-contained inflation has allowed the South African Reserve Bank (SARB) to cut its main lending rate […]
Business

Ghana inflation slows for lowest level

Ghana Ghana’s annual inflation rate slowed for the eighth month in a row in August, reaching its lowest level since October 2021, the government statistics service said on Wednesday. Good news for Ghana, where inflation continued to decline in August for the eighth consecutive month. It now stands at 11.5 percent year-on-year, down from 12.1 […]
Business News

Food price drop in Egypt

Nigeria Egypt’s urban inflation rate fell to 13.9% in July, down from 14.9% in June, signaling a modest improvement in the country’s economic conditions. The monthly inflation rate also saw a more pronounced decline, dropping to -0.6% compared to -0.1% in the previous month, indicating a broader reduction in prices. The Central Agency for Public […]