Devaluation, Oil Price Shock and Consumer Price Inflation: Evidence from Markov Autoregressive Regime Switching Model

Decreasing trends in the external worth of most currencies and an oil price surge have been accompanied by a persistent increase in food prices and transportation costs. In 2023, Sub-Saharan Africa (SSA) had a growth rate of 3.3 percent (IMF, 2023), yet the region experiences long-lasting external s...

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Bibliographic Details
Main Authors: David Umoru, Salisu Shehu Umar, Beauty Igbinovia
Format: Article
Language:English
Published: Editura ASE Bucuresti 2025-06-01
Series:Romanian Economic Journal
Subjects:
Online Access:https://rejournal.eu/article/devaluation-oil-price-shock-and-consumer-price-inflation-evidence-markov-autoregressive
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