FDC ECONOMIC BULLETIN – FEBRUARY 08, 2018 (Re: Inflation to plunge to 14.90% )

Dear Subscriber,

Headline inflation is expected to continue its downward trend with a dip to 14.90% in January. This is likely to be the 12th consecutive monthly decline since 2017. This fall in the consumer price index is mainly due to a decline in global commodity prices and a sharp drop in manufacturing output (54.6 – FBN PMI).

It is also anticipated that month-on-month inflation will remain unchanged at 7.33% annualized.

In the attached bulletin, the FDC Think-Tank analyses the possible implications of this decline on the wider economy and the policy environment.

Do enjoy your read…