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Browsing: CBK on Inflation
- High cost of living is expected to continue in East Africa in 2023 as the region is projected to experience sustained high inflation pressures according to the latest data from Sanlam Investment East Africa, 2023 investment outlook report.
- The region’s median inflation rate is currently estimated at almost 9 percent with some economies registering double digit inflation.
- High inflation is a key investment risk with central banks leaning towards higher interest to curb inflation.
High cost of living is expected to continue in East Africa in 2023 as the region is projected to experience sustained high inflation pressures according to the latest data from Sanlam Investment East Africa, 2023 investment outlook report.
The report attributes the sustained high inflation pressures to key risks arising from higher energy prices due to the protracted Russia – Ukraine war.
The region’s median inflation rate is currently estimated at almost 9 percent with some …