Impact of Inflation on Consumer Spending Habits and its General Implications in Sub-Saharan Africa

Inflation, as a fundamental economic phenomenon, plays a pivotal role in shaping the economic landscape of regions worldwide. Sub-Saharan Africa, known for its economic diversity and unique socio-economic challenges, is no exception. This essay delves into an exploration of inflation within the context of Sub-Saharan Africa, offering a comprehensive analysis of its dynamics, determinants, and implications. By understanding inflation's multifaceted nature and its impact on the region's socio-economic dynamics, policymakers, economists, and stakeholders can make informed decisions aimed at achieving sustainable economic growth and development.

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Publication Details

Journal
West Science Business and Management
Published
2025-06-30
DOI
https://doi.org/10.58812/wsbm.v3i02.1826
Primary Topic
Fiscal Policy and Economic Growth
Type
article
Field-Weighted Citation Impact
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article

Impact of Inflation on Consumer Spending Habits and its General Implications in Sub-Saharan Africa

Segun Kehinde
West Science Business and Management
Fiscal Policy and Economic Growth
article

Impact of Inflation on Consumer Spending Habits and its General Implications in Sub-Saharan Africa

Segun Kehinde
article en

Abstract

Inflation, as a fundamental economic phenomenon, plays a pivotal role in shaping the economic landscape of regions worldwide. Sub-Saharan Africa, known for its economic diversity and unique socio-economic challenges, is no exception. This essay delves into an exploration of inflation within the context of Sub-Saharan Africa, offering a comprehensive analysis of its dynamics, determinants, and implications. By understanding inflation's multifaceted nature and its impact on the region's socio-economic dynamics, policymakers, economists, and stakeholders can make informed decisions aimed at achieving sustainable economic growth and development.

West Science Business and ManagementVol. 3(02)
Covenant University (NG)
Openalex Percentile: Top 78%
Fiscal Policy and Economic Growth
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