Headline inflation is expected to decline marginally to 16.1% in June from 16.25% in the previous month. This will be the 5th consecutive month of inflationary decline in 2017. If our forecast is correct, month-on-month inflation is expected to dip dramatically to 20.98% (annualized) from 25.05% in May.
Food prices remain static despite expectations of a bountiful harvest and rainfall. Diesel prices have declined and are expected to decline further with time.
We anticipate that fierce competition amongst manufacturers and retailers will force down prices in the coming months.
In the attached bulletin, the FDC Think-Tank analyses inflationary pressures in the economy.
Do enjoy your read…
