South Africa inflation hits five-year high | The Guardian Nigeria News - Nigeria and World News

22/06/2022 8:35:00 PM

South Africa inflation hits five-year high | The Guardian Nigeria News - Nigeria and World News

South Africa inflation hits five-year high | The Guardian Nigeria News - Nigeria and World News

South Africa's consumer prices rose to a five-year high in May, exceeding the central bank's stated target, official data showed Wednesday.

Inflation PHOTO: Shutterstock South Africa’s consumer prices rose to a five-year high in May, exceeding the central bank’s stated target, official data showed Wednesday.Osagie Ehanire The Minister of Health, Dr Osagie Ehanire, disclosed this on Monday in Abuja at the bi-weekly Ministerial Press briefing on COVID-19 and other infectious diseases in the country.He spoke in Lagos during the launch of his book, Nigeria Beyond Buhari, to inquire into the future of the country and its leadership.NNPC To promote literacy, AIFA Reading Society has partnered with Nigerian National Petroleum Company (NNPC) Limited/ Shell Nigeria Exploration and Production Company Limited (SNEPCo) and its co-venture partners, ExxonMobil, Total Energies and Agip to promote reading culture and literacy among students in Eko Akete Grammar School, Lagos.

Annual inflation accelerated to 6.5 percent last month after hitting 5.Following the announcement of the disbursement of the sum to the Ministry of Health for the development of the COVID-19 vaccine, the Joint Committee scheduled a meeting with the Ministers of Finance and Health for clarifications on the funds.9 percent in April, marking the highest reading since January 2017, according to the government’s statistics agency.Azonobi said the President Muhammadu Buhari administration deserved some credit for laying a foundation for the country to compete favourably with developed nations in the nearest future.The central bank of Africa’s most industrialised power had sought to keep inflation within a range of three to six percent.On April 21, 2022, President Muhammadu Buhari, directed the Minister of Health, to submit a progress report by the end of May 2022 on the indigenous production of vaccines in the country.The financial institution has raised its benchmark interest rate several times in recent months in efforts to tame rising prices.Nireti Adebayo, reiterated the organisation’s commitment to sustainable education, advising the pupils to improve themselves for future challenges.

As elsewhere in the world, the war in Ukraine has exacerbated the phenomenon, sending fuel and food prices soaring.“The country has been making use of donated vaccines,“ he said, indicating that Nigeria has learnt key lessons from the pandemic, including that countries must look inward for medical supplies and other health commodities.Excluding energy and food, core inflation also rose to 4.1 percent in May from a year earlier, up from 3.We have the ones that the government has procured that we are yet to use.9 percent in April.In this article.“So we have brought together all our experts, including the producers of vaccines and manufacturers to find a way to have the technology in case of future outbreaks.She charged students to believe in themselves, represent Nigeria positively and shine the light wherever they find themselves.

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