In April, Ghana's annual inflation rate decreased slightly to 25% from 25.8% in March, influenced by a favorable base effect amidst challenges like a weakening cedi and rising fuel costs. Similarly, Egyptian inflation also slowed for a second consecutive month due to increased availability of foreign exchange following a recent currency flotation, which helped alleviate some price pressures.
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Egyptian inflation slows for a second month, as greater availability of foreign exchange after a recent currency flotation appears to ease some price pressures https://t.co/pQRk9snLY3
Egyptian inflation slows for a second month, as greater availability of foreign exchange after a recent currency flotation appears to ease some price pressures https://t.co/EOpMaPK1cb
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🇬🇭 | In April, Ghana saw a slight decrease in inflation, with the annual rate easing to 25% from 25.8% in March. This slowdown was influenced by a favorable base effect, despite recent challenges with the weakening cedi and rising fuel costs. [@BloombergAfrica] https://t.co/7FGG3rAlCz