Since hitting a 14-year high last August, inflation has declined over the months, dropping back to single digits in January, the first time it had done so since April 2022.
Many consumers, however, have argued that the drop in the inflation figures has been arithmetic and belies the fact that for many, prices generally remain at elevated levels. In fact, when inflation dropped to 12% in December, from 14% in previous months, Mmegi used the analogy of a vehicle moving to 120 kilometres per hour, from 140 kilometres per hour; it’s still speeding.
