Economics
Shortage of Ukraine Wheat Set to Push Somalia Inflation Past 10%
- Horn of Africa nation is battling its worst drought in decades
- Inflation to surge past 10% without rains, central bank says
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Somalia’s inflation is expected to surge past 10% unless the country gets good rains over the next two months to help ease pressure on food prices after losing wheat supplies from Ukraine, according to a top official at its central bank.