Headline inflation is projected to dip further for the 16th consecutive month to 11.8%. However, the rate of decline is gradually slowing down, an indication of an imminent inflection point.
Month-on-month inflation, a better indicator of market dynamics is expected to increase to 1.28% (annualized at 16.45%) as a result of seasonalities (Ramadan fast and planting season induced food shortages).
The attached bulletin, the FDC Think-Tank analyses inflationary pressures in the economy.
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