Recent protests in Nigeria and Kenya should encourage governments to rethink constraints on public spending COMMENT | HIPPOLYTE FOFACK | The rising cost of living in Africa has triggered a wave of protests in recent months, underscoring the disproportionately higher economic and social costs of inflation on a continent with persistent …
Read More »Cost-of-living crisis deals further blow to Britons as inflation hits 40-year high
About 44 percent of Britons are having to cut back on food spending as a result of rising food prices London, UK | Xinhua | British households are being weighed down by a worsening cost-of-living crisis and public skepticism toward the government’s economic policy is on the rise as the country’s …
Read More »BOU tightens interest rates as cost of living worsens
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has raised the Central Bank Rate, the rate the regulator uses to control the cost of money from the banking industry, to 9 percent from 8.5 percent, at which it has been for only five weeks. The frequent Monetary Policy …
Read More »Twaweza report warns of sharp rise in cost of living
Kampala, Uganda | THE INDEPENDENT | The cost of living is increasingly threatening the livelihoods of many Ugandans whose incomes have remained static, a new report by Twaweza has revealed. The cost of living crisis refers to the fall in ‘real’ disposable incomes resulting from high inflation. According to the latest …
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