FDC COMMODITY UPDATE – MAY 30, 2017

Headline inflation dipped 0.02% to 17.24%, however, consumers say they do not feel any relief yet. Some are even asking for a 311% increase in the minimum wage to N56,000.    All of this is because retail prices have been sticky downwards.

The attached bulletin is a summary of commodity price movements this week, explaining why some prices are actually increasing when headline inflation is declining.

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