Cassava, maize, palm oil, rice and wheat are the staples listed by the IMF that have seen a rise in prices, which in some cases have doubled in the face of constraints in recent months, as in the price in Nigeria of cassava and maize.
Prices of staple foods in sub-Saharan Africa have risen an average of 23.9% since 2020, the largest increase since the 2008 financial crisis, the International Monetary Fund (IMF) has warned, advocating well-targeted social programs and reforms that promote competition.
However, the data represents an 8.5% increase in the cost of the consumer basket, in addition to the generalized rise in prices,” IMF analysts write in an article signed by economists Cedric Okou, John Spray and D. Filiz Unsal.
