Tag: inflation

South Africa consumer inflation rises to 3.2% y/y in July

JOHANNESBURG (Reuters) - South Africa’s headline consumer inflation quickened to 3.2% year-on-year in July from 2.2% in June, data from Statistics South Africa showed on Wednesday. On...

Financial Derivatives CEO: Here’s how Nigeria can avert a looming recession

The Minister of State for Budget and National Planning, Clement Agba says unless Nigeria posts a strong third-quarter economic performance, it may be headed for a second recession in four years. Ahead of Nigeria’s July inflation data, Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa to discuss how Nigeria can avert this looming recession.

Nigerian inflation rises for 10 months in a row in June

LAGOS (Reuters) - Annual inflation in Nigeria rose for a 10th straight month in June, lifted by higher food and healthcare costs, the statistics office said on Friday, as the...

South African economy to shrink 4.9% in 2020, SARB to cut rates in May – Poll

South Africa’s economy will contract sharply this year as activity is hit by the coronavirus outbreak, despite expectations the central bank will cut interest rates again in May, a Reuters poll found on Monday.

Nigeria’s headline inflation rises for 7th month in a row

Nigeria's headline inflation rose for the seventh consecutive month in March, expanding by 6 basis points to 12.26 per cent, while food inflation also rose to 14.98 per cent. Sam Chidoka, Managing Director of Kairos Capital joins CNBC Africa for more.

Nigerian annual inflation edges up to 12.20% in February

Inflation stood at 12.20% in February, compared with 12.13% in the previous month. It is the highest inflation rate since April 2018, when it stood at 12.48%.

Zimbabwe inflation 540.16% year-on-year in February – Zimstats

On a month-on-month basis, prices were up 13.52% during the same period compared to 2.23% during the previous month.

Zimbabwe central bank leaves rates unchanged, bullish on inflation, what you need to know…

Zimbabwe's central bank left its benchmark interest rate at 35% on Monday, citing moderating inflation, as it looks to print more local currency and limit the use of foreign currencies.