Which Path Africa’s Inflation Rate is Taking in January?

LAGOS (Capital Markets in Africa) – Angola’s inflation slowed to 40.39% year-on-year in January from 41.95% in December, data from the national statistics agency showed. Prices increases on a month-on-month basis rose 2.29% in January compared to 2.17% previously. 

Botswana’s consumer inflation inched up to 3.1% year-on-year in January from 3.0% in December, data from the statistics office showed. Prices rose 0.4% month-on-month compared to 0.1% previously. 

Burundi’s year-on-year inflation jumped to 12.9% in January from 9.6% in December after a drop in food harvests, official data showed. Food inflation in the year to January climbed to 20.1% from 13.8% in December, the Institute of Economic Studies and Statistics (ISTEEBU) stated.

 Egypt’s annualised urban consumer price inflation jumped to 28.1% in January from 23.3% in December, the official CAPMAS statistics agency stated.  Food and beverage prices in January rose 37.2% in urban areas, the CAPMAS data showed.

 Ghana’s annual consumer price inflation fell to 13.3% in January from 15.4% the previous month, the statistics office stated.

 Ivory Coast consumer price inflation rose to 1.1% year-on-year in January, up from a deflation of -0.2% in December, data from the National Statistics Institute revealed. The monthly report showed food and soft drink prices in the world’s top cocoa grower added 2.4% year-on-year, while housing and utility prices climbed 1.8% and transport costs declined

 Kenya’s inflation rate rose to 6.99% year-on-year in January, up from 6.35 in December, the statistics office stated. The rise was partly due to food price increases caused by drought and an increase in the cost of electricity, the statistics office said in a statement.

Malawi’s consumer inflation slowed to 18.2% year-on-year in January from 20% in December, according to the official data.

Morocco’s annual consumer price inflation rose to 2.1% in January from 1.8% in December due to higher food and non-food prices, the High Planning Authority stated. On a month-on-month basis, the consumer price index rose to 0.2% in January, from 0.1% in December as non-food price inflation rose to 0.4%, up from 0.1%.

Mozambique’s consumer inflation slowed to 20.56% year-on-year in January from 25.27% in December, data from the statistics agency showed.

Namibia’s consumer inflation quickened to 8.2% year-on-year in January from 7.3% in December, according to the statistics office data. Inflation on a month-on-month basis rose to 3.2% from 0.2% the previous month, the Namibia Statistics Agency stated.

Nigeria January inflation rises for the 12th month running to 18.72% in January. Annual inflation in Nigeria rose in January to 18.72%, the National Bureau of Statistics stated its 12th straight monthly increase. The rise from 18.55% in December, its highest in more than 11 years, was driven by surges in food, transport, and electricity.

Rwanda’s inflation rose to 7.4% year-on-year in January from 7.3% the previous month, the National Bureau of Statistics said.

Tanzania’s annual inflation rate edged up to 5.2% in January, after 5.0% in December, due to a faster increase in food prices, the statistics office said. The National Bureau of Statistics said the headline inflation rate month-on-month in January was 0.8% from 0.7% previously.

South Africa’s headline consumer inflation slowed to 6.6% year-on-year in January from 6.8% in December, based on data from Statistics South Africa. On a month-on-month basis, inflation rose to 0.6% from 0.4% previously.

Seychelles inflation was -0.6% year-on-year in January from -0.2% a month earlier, the National Bureau of Statistics said.

Uganda’s inflation climbed to 5.9% year-on-year in January from 5.7% in December due to a rise in some food prices, including those for fruit, the statistics office said. Core inflation slipped to 5.2% in January from 5.9% in December, it said, citing a fall in prices of some services, such as transport costs.

Zambia’s inflation slowed to 7.0% year-on-year in January from 7.5% in December, the statistics office said. The monthly inflation rate was unchanged from the previous month at 0.9% in January, the Central Statistics Office said.

Zimbabwe’s consumer prices declined by 0.65% year on year in January from a 0.93% decline in December, according to data from the national statistics agency. On a month-to-month basis, prices rose by 0.23% after increasing 0.18% previously.