with Jacques Nel and Petro van Eck
April 26, 2022
Food accounts for a large share of the consumer price basket in a number of African countries. This means that the impact of surging global food prices will be marked. Higher food prices will filter through to consumers and undermine purchasing power. But the impact will extend far beyond headline CPI: calls for subsidies will either be heeded, putting pressure on the fiscus, or disregarded, resulting in social discontent. In this webinar we look at which African countries look set to be hit the hardest and what this means for the fiscus, monetary policy, and political stability.