A new report by the World Bank's Africa Pulse has revealed the top 10 African countries with the lowest Consumer Price Index (CPI) mid-2024, with Seychelles ranking number one. A low CPI indicates economic stability, improved quality of life, and slower price rises for products and services, which is crucial for African nations where many people live on a low income.

The CPI, a key metric of inflation, measures the average change over time in the prices paid by consumers for a set of products and services. A low CPI encourages individuals to save, businesses to invest, and households to spend more of their money. Seychelles, Mali, Benin, Central Africa Republic, and Cabo Verde make up the top 5 countries with the lowest CPI, with rates ranging from 1.2% to 1.6%.

This report provides valuable insights for startups, investors, and businesses operating in Africa, highlighting the importance of economic stability in driving growth and development. With a low CPI, African countries can attract more investments, create jobs, and improve the overall standard of living for their citizens.