FDC COMMODITY UPDATE – MAY 09, 2017

The recent spike in commodity prices especially beans and yellow garri confounded most analysts. Also noteworthy is the price of cement which has spiked 17.3% to N2,700. Typically the price of cement falls during the raining season. This contrarian movement is most likely due to the surge in demand due to an aggressive https://drcatalona.com/buy-xanax/ civil construction agenda of the federal and state governments.

In spite of these aberrational price increases, analysts are still convinced that the inflation numbers for April will still show a slight decline.

The FDC Think Tank summarizes these events in a month which promises to be interesting with the release of key economic variables.

Enjoy your read!