Dear Subscriber,

Commodity prices have been relatively flat since October. However, a tentative agreement of N30,000 between labour and the government on a minimum wage averted a shutdown strike.

The wider implications of a wage settlement on the aggregate disposable income of Nigerians is that demand for consumer goods will increase. At a time of rising inflation, a spike in money supply could be a destabilising factor for price stability.

The attached slides address these and other issues in the domestic and global commodities market.

Enjoy your read!