African central banks must heed changes to inflation drivers, study argues
Demand shocks gain importance in driving African inflation
Policy-makers in sub-Saharan Africa may have to pay more attention to rising inflation if demand shocks continue to exert greater influence over prices, according to research published by the IMF this month.
In the working paper On the drivers of inflation in sub-Saharan Africa, the authors argue the drivers of inflation in sub-Saharan African economies have changed significantly in the past decade.
Policy-makers have had ‘a long-standing perception' that supply-side factors were the main causes
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