FDC ECONOMIC BULLETIN – JUNE 08, 2018 (Re: Headline Inflation to slow further to 11.8% in May)

Dear Subscriber,

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.

Do enjoy your read…