Nigeria’s inflation surges despite drop among Sub-Saharan African peers

While the headline inflation rate for some Sub-Saharan African (SSA) countries eased in January 2023, Africa’s biggest economy saw an increase after easing in December.

BusinessDay analysis of data from the SSA statistical agencies shows that South Africa’s inflation moderated to 6.9 percent in January from 7.2 percent in December, Kenya’s inflation slowed to 9.0 percent from 9.1 percent and Angola’s inflation fell by 15.11 percentage points to 12.55 percent.