Nigeria: Food Inflationary Pressure Eases

19 February 2018

The National Bureau of statistics' (NBS) inflation figures released last week revealed that the Consumer Price Index (CPI) was up 15.13 per cent year-on-year in January 2018, 0.24 per cent lower than the rate recorded inDecember 2017 of 15.37 per cent. As of January 2017, inflation figure was 18.7 per cent.

To analysts at Lagos-based CSL Securities Limited, inflation will decline over the course of 2018 but only relatively slowly.

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