As it strives to deal with ongoing pressure on its currency and growing inflation, the Egyptian government has urged ministries to reduce non-essential spending until the…
Browsing: inflation
The benchmark interest rate set by the Bank of Ghana (BoG) has increased from 24.5 percent to 27 percent. Ernest Addison, governor of BoG, said the…
Nigeria’s inflation has pushed its consumption expenditure to N57.08tn in the first half of 2022 making it a 14.39 per cent rise from the N49.89tn that…
Many Nigerians are grappling with living costs as the inflation rate rose by 0.92 basis points to 20.52 per cent in August from 19.6 per cent…
According to the National Bureau of Statistics (NBS), bread, cereal, gas, and transportation prices all contributed to Nigeria’s inflation rate reaching a nearly 17-year high in…
The United States GDP contracted 0.9% in the second quarter of 2022, putting the country into a technical recession after two consecutive quarters of negative growth.…
Zimbabwe has started selling gold coins to the general population in a bid to rein in the country’s rampant inflation, which has further depreciated the weak…
President of Kenya, Uhuru Kenyatta on Thursday increased the country’s fuel subsidy funding by 16.68 billion shillings (141 million U.S. dollars) to stem rising inflation, his…
If inflation rate continues to rise, then interest rates are expected to climb further.
Nigeria’s National Bureau of Statistics, on Tuesday, reported that the country had experienced a 0.1 percentage point rise in inflation to 15.7% in February due to…