South Africa:
West Africa's Price Narratives
08 July 2022
Songhai Advisory LLP
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Over the last month, countries like Benin, Cote d'Ivoire and
Togo reported falling inflation in annualised terms. Even so,
consumer price inflation was in double digits for six of fourteen
countries – Ghana, Sierra Leone, Nigeria, Burkina Faso,
Gambia and Guinea (in descending order). When it comes to food
price inflation, this is true for ten countries. Similarly, the
current inflation rate is more than double the five-year average
for ten countries. It is an environment associated with policy and
commercial innovation, as well as political risk.
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