South Africa’s consumer price inflation increased to 4.3% in August 2019 from 4% in July.
Egypt’s headline inflation rate fell to its lowest in nearly four years, dropping to 8.7% in July from 9.4% in June; official figures from the CAPMAS statistics agency showed on Thursday.
ECB chief Mario Draghi warned Thursday that the outlook for inflation in the single currency bloc is worsening, as the bank signaled its readiness to unleash a new package of stimulus to boost the economy.
Agriculture, Land Reform and Rural Development Minister Thoko Didiza has warned against the inflation of land prices when government has to buy land from private owners, calling this corruption.
Zimbabwe’s annual inflation rate hit 175% in June, official data showed Monday, stoking fears of a return of the hyperinflation that wiped out savings ten years ago when the economy collapsed.
Egypt’s annual urban consumer price inflation eased to 9.4% in June from 14.1% in May, official statistics agency CAPMAS said on Wednesday, a sharper decline than many analysts had expected after last week’s fuel price hikes.
The consumer price inflation rate has increased to 4.5% in May, from 4.4% in April 2019.
Economist at NKC African Economists, Elize Kruger, expects inflation to remain unchanged as Stats SA prepares to release the consumer prices inflation number for May 2019 on Wednesday.
Venezuela ended 2018 with 130.060% inflation, while the economy contracted 47.6% between 2013 and 2018, the central bank said Tuesday in the first such figures it has released in three years.
A key measure of US consumer inflation in April took its biggest jump in five months as prices for fuel, shelter and medical care rose, government data showed Friday.