The Competition Commission says they are contemplating investigating firms and state officials allegedly involved in heavily inflating the price of personal protective equipment.
Statistics South Africa has announced that the country’s Consumer Inflation has fallen to 2.1% in May, its lowest in nearly 16 years. Annual consumer price inflation fell to its lowest reading since September 2004, dragged lower mainly by falling fuel prices.
Ghana’s annual consumer price inflation jumped to 10.6% in April from 7.8% the previous month, driven by higher food prices in areas affected by government-ordered coronavirus lockdowns, the statistics office said on Wednesday.
South African Reserve Bank Governor, Lesetja Kganyago, says the current low inflation is expected to bring about a cut in the petrol price in the near future.
Egypt’s annual urban consumer inflation fell to 5.1% in March from 5.3% in February, the official statistics agency CAPMAS said on Thursday.
Zimbabwe’s central bank left its benchmark interest rate at 35% on Monday, citing moderating inflation, as it looks to print more local currency and limit the use of foreign currencies.
Sudan’s annual inflation rate hit 64.28% in January, from 57.01% in December, due to rising food and drink prices, the state statistics agency said on Thursday.
Figures by Statistics South Africa show that the Consumer Price Inflation declined to 3,7% in October from 4,1% in September 2019.
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.