Sierra Leonean Government Announces Drop in Inflation Rates from 55% to 32%

The Sierra Leonean government has announced a substantial decrease in the country’s inflation rates.

In a recent address to Parliament, President Julius Maada Bio highlighted the progress, revealing that inflation rates have dropped from 55% in October 2023 to 32% in June 2024, marking a significant 23% reduction.

This development is seen as a positive step towards economic stability in Sierra Leone, indicating improved financial management and effective economic policies.

The government remains committed to further reducing inflation and enhancing the overall economic well-being of its citizens.

 

Report by Paul Kamara.

 

 

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