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Inflation Rate Trends and Forecast for Lesotho from 1990 to 2029

Inflation Rate Trends and Forecast for Lesotho from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Lesotho from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Lesotho
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Lesotho’s inflation rate has seen substantial fluctuations, driven largely by its dependency on South Africa for trade and currency stability. Inflation peaked at 17.9% in 1991, influenced by global economic instability. The early 2000s witnessed a decline to 3.4% in 2005 due to improved fiscal management. However, external shocks in 2008 raised inflation to 10.7%.

Recent years have seen inflation moderate, peaking at 8.3% in 2022 due to pandemic-related disruptions. Projections suggest a steady rate of 5.0% by 2028, reflecting improved policy and regional stability.

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