{"id":27080,"date":"2018-12-20T16:22:42","date_gmt":"2018-12-20T16:22:42","guid":{"rendered":"http:\/\/fdcng.com\/?p=27080"},"modified":"2018-12-20T16:22:42","modified_gmt":"2018-12-20T16:22:42","slug":"fdc-economic-bulletin-december-14-2018-headline-inflation-creeps-up-to-11-28","status":"publish","type":"post","link":"https:\/\/fdcng.com\/fdc-economic-bulletin-december-14-2018-headline-inflation-creeps-up-to-11-28\/","title":{"rendered":"FDC ECONOMIC BULLETIN – DECEMBER 14, 2018 (Headline inflation creeps up to 11.28%)"},"content":{"rendered":"

[vc_row][vc_column]

DOWNLOAD PDF<\/a><\/div> [\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Dear Subscriber,<\/p>\n

As earlier projected, Nigeria\u2019s headline inflation increased by 0.02% to 11.28% in November after a decline in October. Some optimists had suggested that the decline in October was likely to be the beginning of a trend. The uptick in November was mainly attributable to a rise in the food index to 13.30%. This increase in food prices is in response to higher seasonal demand due to Christmas celebrations. Core inflation (inflation less seasonalities) though, fell marginally to 9.8%.<\/p>\n

The month-on-month https:\/\/www.bodydelsol.com\/prednisone-for-sale\/<\/a> index increased alongside the headline inflation, rising to 0.80% (10.02% annualized) from 0.74% (9.92% annualized). The increase in the price level was mainly due to cost push pressures ranging from higher diesel prices to a weaker naira in the forex market.<\/p>\n

The CBN at the last MPC meeting had forecast a slight increase in the price level, hence they retained their contractionary stance.<\/p>\n

In the attached\u00a0bulletin, the FDC Think-Tank analyses the inflation data for November and its impact on economic policy and the business environment.<\/p>\n

Do enjoy your read\u2026[\/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, As earlier projected, Nigeria\u2019s headline inflation increased by 0.02% to 11.28% in November after a decline in…<\/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\/27080"}],"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=27080"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/27080\/revisions"}],"predecessor-version":[{"id":27081,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/27080\/revisions\/27081"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=27080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=27080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=27080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}