African economies report divergent inflation and price trends

Various African nations are reporting divergent inflation trends and economic shifts. In Mozambique, annual inflation reached 4.57% in June 2026, exceeding the government's 3.70% target due to rising food, beverage, and transport costs driven by climate shocks and fuel supply disruptions. Despite this, the metical remained stable against the US dollar.

Senegal is navigating price volatility; fuel prices for supercharged gasoline and diesel were increased due to global market fluctuations linked to Middle East tensions. While import prices saw a monthly rise in June driven by minerals and transport equipment, the country remains a significant new oil producer via the Sangomar field.

In the UEMOA region, annual inflation rose slightly to 0.8% in June 2026, led by Mali and Burkina Faso, while countries like Niger saw price decreases. Haiti reported a deceleration in monthly inflation to 1% in June, though annual inflation remains high at 18.9%. Meanwhile, Zimbabwe's annual inflation rate fell to 2.9% in August 2026, supported by exchange rate stability and tight monetary policies as the country moves toward a mono-currency regime.