CM 1774858
JF-Expert Member
- May 29, 2021
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- #21
Mkuu uongo unaweza kuwa na mareference yote hayo??!!
Mkuu uongo unaweza kuwa na mareference yote hayo??!!Sawa mkuu
Poa dada angu usijaliDaaah,
mkuu leo tena unakikana Chama chako?
Wewe ni mpumbavu fulaniView attachment 2070514
African countries with the highest inflation rates in 2021
8 African countries with the highest inflation rates in 2021 (Image Source: Reuters)
8 African countries with the highest inflation rates in 2021 (Image Source: Reuters)
Many African economies are currently pressured by high inflation.
This is a major problem because inflation erodes the value of money.
Inflation is measured by the rate at which prices of goods and services increase within a given timeframe.
In this article, we compared and analysed African countries' inflation rates as of August, 2021.
Figures were obtained from very reliable sources such as Statista.
Inflation is perhaps the biggest enemy to wealth creation.
This is because of how it silently [but consistently] erodes the value of money. Across Africa, inflation is an ever present problem, although many of those it affects do not know that it's affecting them.
Just to paint a picture of the havoc inflation can cause, let's quote Nigerian financial expert, Damilola Alonge, who wrote this in 2019:
“If you had N1 million in 2008 and it wasn’t invested, and the average inflation rate was 12% over the ten year period, your N1 million has now become N321, 973.24 in value. Meaning, your N1 million is now worth about N321, 000 today.”
African countries with the highest inflation rates in 2021
===
Whereas inflation is a general problem across much of Africa, some countries have it worse.
So, for today's listicle, we shall be looking at eight countries with the highest inflation rates on the continent.
As always, this piece is intended to keep you informed, even as you make wise business and financial decisions.
Also note that the list was derived from data compiled by Statista and other reliable sources.
8 COUNTRIES WITH THE HIGHEST INFLATION RATE, TANZANIA IS NOT MENTIONED
===
1.Sudan: The Republic of Sudan, which is located in the Northeastern part of the continent, has the highest inflation rate on the continent. According to Reuters, the country's inflation rate stands at a staggering 387.56%
2. Zimbabwe: At 50%, Zimbabwe's inflation rate is the second highest in Africa.
3. South Sudan: This country's inflation rate stands at 40%, making it the third highest in Africa.
4. Ethiopia: This country in the Horn of Africa saw its inflation rate rise to 37.6% in August, no thanks to ongoing armed conflicts which have affected the economy.
5. Angola: Angola has the fourth highest inflation rate in Africa at 29.7%.
6. Zambia: This country has an inflation rate of 22.1%.
7. Nigeria: Africa's biggest economy has an inflation rate of 17.59%.
8. Sierra Leone: Sierra Leone's inflation rate as at August stood at 10.88%, according to information verified from the country's statistics department.
Daaah mimi dadako tena,Poa dada angu usijali
Kosa lako unakuwa kimbelembele sana unaleta fake data hapa jukwaani ukidhani wote tupo sawa na akili zako.Mkuu mbona kama unanichukia sana, Kosa langu ni nini?
Mkuu kati yangu Mimi na wewe hii sentesi yako inamfaa nani zaidi?😅😅😅😅😅 Another wasted sperm
Data zipi fake sasa mkuu, Kwanini wasilete hapa hizo data fake?Kosa lako unakuwa na data fake na kuzileta hapa jukwaani ukudhani wote sawa akili zako.
Kwanini usiombe kipindi Radio Tanzania, Magic fm au Uhuru fm ndiko kuna wasikilizaji wengi mpaka vijijini kuliko hapa!.
Mkuu takwimu gani zimepikwa? Mbona unalalamika tu?
Hivi kweli CHADEMA hamna jema kwa Serikali ya CCM?
Nadhani tuache kujadili mtoa mada tujadili mada,Jaribu kuaccha kazi ya hiyo serikali yako iliyokuajiri kama mwaka mmoja hivi, then jiajiri ndani ya huo muda , naamini utakuja kufuta hii taka taka yako hapa
Daaah, Mimi ni baba wa watoto mkuu wangu, naamini sana katika nambaHii Dunia kumbe bado inamazuzu kiwango hiki,ungekuwa hulelewi na shemeji ungejua mfumuko wa bei,
Hata hivyo shemeji yako au Dada yako akirudi nyumbani jioni Muulize,Bei ya mafuta ya kula,sukari sembe na gesi.
Jibu utakalolipata kesho lete mrejesho.
Hayo Maneno yanatoka moyoni? Kweli huoni msaada wangu kwa Taifa hili?Umataga huwa ni ung'ombe flani hivi.
Kosa langu nini wewe CHADEMA? acha kunijadili mimi jadili hoja yangu mkuu wangu hutanichukia kamwe,Unalipwa shilingi ngapi wewe mjusi,bora mzee wako angepiga puchu umwagike kwenye tiles za bafuni.
Mtu wa fact huwa haegemei upande mmoja kama wewe, japo tunajua unakula kwa jasho letu mwisho wa siku unatumiwa salio na wanaokutuma.Data zipi fake sasa mkuu, Kwanini wasilete hapa hizo data fake?
Mkuu mimi sio mtu wa mipasho ni mtu wa fact tu,
Comparisons unqzoweka za mfumuko wa bei zinasaidia nini ugumu wa maisha ya Mtanzania?Tatizo nini mkuu wangu Msanii
Someni haya kwa makini, Tanzania tuko vizuri mnoUS inflation rate rose to 6.8% in 2021, its highest since 1982
For six months in a row prices increased across many sectors, including gas, food and housing
The US inflation rate rose to 6.8% over the last year to its highest point since 1982, the Bureau of Labor Statistics reportedFriday morning.
The consumer price index for all urban consumers (CPI-U) rose by 0.8% in November after rising 0.9% in October.
Price increases were seen across many sectors, including gas, food and housing. This was the sixth month in a row of price increases.
Gasoline prices rose by 58.1% in November – the largest increase over 12 months since 1980.
Within the food index, grocery store prices increased across the board for a third month in a row.
Meat, poultry, fish and eggs saw a 0.9% increase in November while cereals and bakery products saw price increases of 0.8%.
The price index that does not include food and energy rose 0.5% in November after a 0.6% increase in October.
The prices of used and new cars, household furnishings, apparel and airline fares all notably rose last month.
Ahead of Friday’s data release, Joe Biden released a statement saying that the inflation rate “does not reflect today’s reality”.
“It does not reflect the expected price decreases in the weeks and months ahead, such as in the auto market,” Biden said in the statement.
As inflation has become a line of attack from the administration’s critics over the last few months, the White House has maintained that today’s inflation is “transitory”, or a temporary rise in prices, because of the pandemic.
The Federal Reserve last month took its first step to curb some of its pandemic assistance after pressure from critics around inflation.
The central bank in November ended some of its stimulus programs, in which it bought bonds to stimulate the economy.
But the Fed held off from adjusting interest rates – its main tool to control rising prices.
Rising prices tend to be a political sore spot for the party in power, though its causes are complex.
Republicans are already blaming Biden for Friday’s number, with the Senate minority leader, Mitch McConnell, criticizing Democrats on Twitter for responding to inflation “by ramming through another massive socialist spending package”, referring to the $1.75tn social and climate spending bill that is in negotiations.
While economists have been divided over the concern the federal government should have over inflation, some have pointed out that while inflation has been rising, the unemployment rate has remained low and wages have been increasing.
And while consumer confidence has dropped because of inflation, spending has been strong with retail sales rising in October.
The article was amended on 17 December 2021 to clarify in the headline and text that the annualised inflation rate rose to 6.8%,