A wholesome adoption of both the Chinese and Indian models is not advisable given that the world economy has changed significantly from what it was when these two countries adopted their respective models, but beneficial strategies within the two models could be adopted. A valuable alternative model for Africa therefore must be unique to the nature of its economies.
The strengthening of the overall economy may have played a role in core goods price inflation, but it was likely secondary to the roles played by goods-specific demand and by the production and distribution network for goods over this period. In contrast, housing services inflation, the blue line in the chart, picked up appreciably in 2022 after having softened early in the pandemic.