Zimbabwe Leads with Skyrocketing Inflation
In June 2026, Zimbabwe recorded the highest inflation rate in Africa at 112.3%, according to the African Development Bank's latest report. The country has been grappling with severe currency depreciation and food shortages, driving prices up for basic goods.
Sudan and Ethiopia Follow
Sudan ranked second with an inflation rate of 89.4%, while Ethiopia came third at 72.1%. Both nations have faced ongoing conflicts and supply chain disruptions, exacerbating price pressures. According to the report, the average inflation rate across the continent stood at 18.7% in June 2026.
Other Countries in the Top 10
The list also includes Ghana (45.2%), Angola (38.6%), Nigeria (34.1%), Egypt (32.8%), Sierra Leone (29.4%), Malawi (27.5%), and Zambia (25.3%). These countries have been affected by factors such as currency volatility, high energy costs, and fiscal deficits.
Impact on Citizens and Economies
High inflation erodes purchasing power, making it difficult for households to afford essentials. In Zimbabwe, the cost of bread has risen by 150% year-on-year, while in Sudan, fuel prices have doubled. The African Development Bank warns that persistent inflation could hinder economic growth and exacerbate poverty across the region.
The report highlights that central banks in these countries have been tightening monetary policy, but structural issues like weak production bases and reliance on imports continue to fuel price increases.
