Africa’s most expensive countries to live in due to high inflation.
Inflation is a general problem across the continent, some countries have it worse. Therefore, living in these countries can be quite expensive.
Below is a list of countries in Africa with high inflation rates relying on information from Statista, Reuters, Bloomberg etc. Note also that, inflation rates are not constant. So, if you are reading this at a later date, chances are that, the rates might change.
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%
Zimbabwe: At 56% inflation rate according to Bloomberg, Zimbabwe has the second highest in Africa.
Ethiopia: This country in the Horn of Africa saw its inflation rate rise to 34.2% in October 2021, according to Reuters. The ongoing war in the country has affected the economy.
Angola: Angola has the fourth highest inflation rate in Africa at 29.7%.
South Sudan: The inflation rate in this country stands at 29.68%.
Zambia: This country has an inflation rate of 16.4% according to Bloomberg.G
Nigeria: Africa’s biggest economy has an inflation rate of 15.99%.
Report, Courtesy, American Bureau Chief: Alfonsus Terry Okhigbochie.
