DOWNLOAD PDF<\/a><\/div> [\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber,<\/p>\nThe NBS took its monthly inflation report a step further by providing a state by state inflation profile (caveat baskets are dissimilar). The highest inflation was mainly in the northern states, partially due to high food prices. In a perverse way it turns out that the most fiscally irresponsible states with the highest salary arrears are those with the lowest rates of inflation (Kogi, Imo & Delta). That is why they say that every cloud has a silver lining.<\/p>\n
Headline inflation slowed for the ninth consecutive month in October, declining to 15.91% from 15.98% in September. Month-on-month inflation also eased to 0.76% (9.54% annualized) in October from 0.78% (9.77% annualized) in September.<\/p>\n
In the last 10 months, cumulative inflation is down by 2.81%. This shows inflation in Nigeria has moderated significantly, but could swing upwards if there is a surge in money supply and wages increase sharply, prompting higher demand-pull inflation.<\/p>\n
The MPC is scheduled to hold its last meeting for the year on November 20\/21. This inflation decline and a possible surge in Q3\u201917 GDP growth figures may cause the committee to dump its almost predictable status quo position and begin to lower interest rates.<\/p>\n
In the attached\u00a0bulletin, the FDC Think-Tank analyses inflationary movements in September and provides a summary of commodity price movements this week.<\/p>\n
Do enjoy your read…[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber, The NBS took its monthly inflation report a step further by providing a state by state inflation profile…<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,35],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26295"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=26295"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26295\/revisions"}],"predecessor-version":[{"id":26296,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26295\/revisions\/26296"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=26295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=26295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=26295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}