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Africa: Inflation in oil-rich countries will rise to double digits in 2023

25/07/2022
Categories: Raw materials

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A Reuters survey reveals that inflation in oil-rich African economies will reach double digits in 2023.

In oil-rich African economies, consumer price inflation will moderate over the next year. However, it will remain stubbornly in double digits in the western part of the continent, as energy generation capacity remains far from its needs. The study showed that inflation in Angola, Nigeria, and Ghana would remain at double digits next year, despite some significant increases in interest rates administered by central banks in the respective nations, as well as high P& prices acute; role.

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