Global oil prices, which have climbed sharply since the escalation of conflict in the Middle East, are now fuelling concerns of rising transport and food inflation worldwide. 

The World Bank has approved $45 million in new financing to support Zambia’s economic recovery and climate‑resilience efforts under the Second Zambia Climate and Economic Resilience Programmatic Development Policy Financing. 

A new International Monetary Fund (IMF) technical paper urges emerging market and developing economies, including many in Africa, to update how they design and review their inflation targets, warning that credibility risks are rising as global financial conditions tighten. 

Economists, business leaders and trade unions in SA expect inflation to average a record low of 3.6% over the next five years