Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.
At least 16 countries on the continent reported inflation rates higher than 10% in Sept. Zimbabwe's inflation rate slowed from 285% in Aug. to 280.4% in Sept.
Zimbabwe continues to experience hyperinflation while other countries on the continent struggle to rein in rising consumer prices.