News

Africa still the region with highest inflation rate, worldwide

Africa still the region with highest inflation rate, worldwide
  • Comments   -   Friday, 20 October 2017 - 14:34

(Ecofin Agency) - From 2006 to 2016, Africa’s annual inflation rate has more than doubled, reaching 12.4%, according to recent data on socio-economic indicators released by the African Development Bank (AfDB). 

Worldwide, Africa has been the number one in this regard over the period. In 2016, the region’s average exceeded by far that of the whole planet (3.5%), India’s (4.8%), Latin America and Caribbean’s’ (4.2%), Asia’s emerging economies’ (3.3%), U.S’ (2.7%), and the Euro zone’ (1.7%). 

Over the 54 countries studied, only seven have recorded a decrease in their consumer prices in 2016, while in 17 other countries, the inflation rate ranged between 0% and 5%. Countries where inflation stood between 5% and 10% are 18 in all. Those with an inflation rate of more than 10% were 11, that year. 

The top 10 of countries with the worst results in regards to inflation, are South Sudan (444.1%), Angola (30.4%), Libya (25.8%), Malawi (21.8%), Mozambique (19.8%), Zambia (18.2%), Ghana (17.5%), Nigeria (15.8%), Sierra Leone (11.1%), Egypt (10.2% but soared to more than 34% in 2017). Globally, these countries have experienced or just exited different sorts of crises (social, economic, financial, monetary, etc).  

In the meantime, the CEMAC and WAEMU integration zones have recorded the best performances in terms of inflation which was quite low, under the reference range. 

Fiacre E. Kakpo

SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
From November 24 to 27, Côte d’Ivoire will receive professionals of the...
Read more |  21 November 2017
Kwesi Appiah (photo), coach of Ghana’s national football team, the Black Stars,...
Read more |  21 November 2017
Public Management
21 November 2017
cote-d-ivoire-youth-trained-on-land-issue
Last week-end in Abidjan was held a panel to teach young Ivoirians...
Read more |  21 November 2017
Naspers’ internet TV service Showmax recently broadcasted the trailer of its first...
Read more |  21 November 2017
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-11-14 13:37:12' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-10-22 13:37:12' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2016-11-21 13:43:21' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4
listofid2=37740,37739,37738,37737,
reference=37740,37739,37738,37737,0
On November 17, 2017, the telecom operator Algérie Telecom has revealed it...
Read more |  21 November 2017
Fourth largest gold producer in Africa, Mali has announced last Friday that...
Read more |  21 November 2017
In a statement released last week, the Nouvelle Société Cotonière du Togo...
Read more |  20 November 2017

Copyright Agence Ecofin © 2015. All Rights Reserved.