The recovery in consumption and the need for companies to rebuild their margins have strong reasons to bring inflation back. Even if economists say this state of affairs is not coming soon, the continent should prepare for it. The markets are full of apprehensions because of Covid-19 which has not yet said its last word. Economists, statisticians, analysts... all remain positive about Africa's growth. But a likely return of inflation awaits the continent which should anticipate.
Governments have opened the coffers and budgetary spending is becoming more and more important. Debts follow one another. At the same time, households have accumulated considerable savings due to a lack of ability to spend during the hibernation of the lockdown. If the health situation normalizes, they will fill up in shops and restaurants. Entrepreneurs will also take the opportunity to raise prices and rebuild their margins and cash flows.
Governments must not sleep soundly, because, let us remember that prices rose in Europe against all expectations by 0.9% in January.