What about inflation and industry in Africa
Harmonized Index of Consumption Prices (HICP)
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the UEMOA and CEMAC Central Banks (BCEAO and BCEAC). It is a consumer price index which is compiled according to a methodology that has been harmonised across UEMOA and CEMAC membres. The HICP of these areas is a weighted average of price indices of member states. The primary goal of these unions is to maintain price stability, defined as keeping the year on year increase HICP below but close to 3% for the medium term.
Industrial Production Index (IPI)
It is an economic indicator that is released monthly by each country in Africa. This indicator measures the amount of output from the manufacturing, mining, electric and gas industries. The IPI is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period. Investors can use the IPI of various industries to examine the growth in the respective industry. If the IPI is growing month-over-month for a particular industry, this is a sign that the companies in the industry are performing well.