Headline inflation is expected to decelerate to 15.88% in November. This downward trend will mark the 10th consecutive decline in 2017. In contrast to the direction of the headline inflation rate, month-on-month inflation is expected to increase marginally to 0.77% (9.60% annualized) from 0.76% (9.54% annualized) in October.
This decline in headline inflation is mainly driven by waning base year effects, the decrease in global commodity food prices and a robust harvest.
In the attached bulletin, the FDC Think-Tank analyses inflationary pressures in the economy.
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