DOWNLOAD PDF<\/a><\/div> [\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber,<\/p>\nNigeria\u2019s headline inflation defied analysts\u2019 projections in April, increasing to 11.37% from 11.25% in March. This marks the first increase in 2019. The uptick in the annual price level was primarily due to a rise in the food index to 13.7%. This is a reflection of the planting season effect and heightened insecurity in food producing states. Notably, all the sub-indices with the exception of core inflation (inflation less seasonalities) moved in the same upward direction.<\/p>\n
The month-on-month inflation, a better reflection of current prices and inflation expectations, was up 15bps to 0.94% in April. This suggests that the rise in the headline inflation could be the beginning of another trend. Thus, we expect that the MPC could be hawkish in its policy direction.<\/p>\n
In the attached\u00a0bulletin, the FDC Think-Tank analyses the inflation data for April and its impact on economic policy environment.<\/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, Nigeria\u2019s headline inflation defied analysts\u2019 projections in April, increasing to 11.37% from 11.25% in March. This marks the…<\/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\/27382"}],"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=27382"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/27382\/revisions"}],"predecessor-version":[{"id":27383,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/27382\/revisions\/27383"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=27382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=27382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=27382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}