Price review: Consumer prices rise 11%

From the newsletter

Electric mobility consumer prices have increased by 11.38% in the past month as measured by the change in prices in a representative basket of products tracked by Mobility Rising. They include relevant vehicle categories, consumer financing costs and fees for powering options. Prices are collected by our data analysts in East, West, North and southern Africa. 

• The Mobility Rising Price Index increased from 997.67 in September to 1,111.16 in October. It is the fastest increase in consumer prices since we started tracking consumer prices in May this year.  

• We track prices in Kenya, Nigeria, South Africa and Egypt. Nigeria drove the increase, with consumer prices jumping by an average of 36% compared to just 0.8% in South Africa. Prices remained unchanged in Egypt and Kenya.  

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