Inflation

Crypto vs. Inflation: How African Nations Are Using Bitcoin to Fight Economic Instability

Bitcoin, Coins / Leave a Comment

Across Africa, persistent economic instability and high inflation have prompted citizens and businesses alike to turn toward cryptocurrencies—particularly Bitcoin—as a reliable financial alternative. Countries like Zimbabwe, Nigeria, and Sudan are increasingly leveraging crypto as a tool to hedge against rapid currency devaluation and unpredictable monetary policy shifts. Zimbabwe: Escaping Hyperinflation Zimbabwe is no stranger to […]

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Nigeria’s Inflation Rate Surges to a 17-Year High of 19.64% in July 2022

Country News, Nigeria / Leave a Comment

    Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The latest inflation data is according to the recently released Consumer Price Index (CPI) report for the month of July 2022, by the National Bureau

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Original Article By: https://nairametrics.com/2022/08/15/breaking-nigerias-inflation-rate-surges-to-a-17-year-high-of-19-64-in-july-2022/

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