Analysts forecast 0.51% spike in December inflation

December inflation Border reopening

Analysts forecast 0.51% spike in December inflation   As Nigerians await the latest official inflation figure from the National Bureau of Statistics, analysts at Financial Derivatives Limited (FDC) have forecasted 15.4 per cent inflation rate According to analysts “Based on our survey and regression model, headline inflation is expected to increase by 0.51 per cent to 15.4per cent in December 2020. This will be the highest level in three years. “The continued rise in the general price level is driven largely by forex rationing, output and productivity constraints, higher logistics and distribution…

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