Nigerian Inflation – food pressures dictate CPI tone
Nigeria’s inflation decelerated for the fourth consecutive month in May 2017 to 16.25% YoY (Year on Year) as core inflation dropped sharply in line with our earlier surmise relating to pass-through from high base effect from elevated fuel prices in 2016. However, food remained at an elevated 19.3% YoY in the review month as structural […]