The inflation rate in sub-Saharan African countries stands at over 8% as of 2023.
Many African countries are facing inflationary pressure and food prices are trending more than any other industry. Food prices are skyrocketing and many countries in the region are dealing with a crippling budget deficit, deflating exchange rates and policy inconsistencies.
As of June 2023, South Sudan witnessed the lowest food inflation rate in the region with a negative of 11.4%, while Liberia has -5.38%, followed by Burkina Faso, Seychelles, and Niger. All these countries witnessed a decrease in the food inflation rate in the month under review.