Inflation & Prices
Economists Raise African Inflation Forecasts Over Next Two Years
- 2022 inflation estimates rise for 10 of 11 countries surveyed
- Survey of economists conducted Aug. 12-18 by Bloomberg News
A roadside a market in Lagos, Nigeria.
Photographer: Damilola Onafuwa/BloombergThis article is for subscribers only.
Central banks across sub-Saharan Africa will likely have to remain focused on reining in price growth in the coming months, with economists raising their inflation forecasts in many of the region’s key economies.
Countries including Ghana, Nigeria, South Africa and Kenya will see higher inflation than previously forecast this year, according to a Bloomberg News survey. Angola was the only nation whose forecast was lowered.