Nigeria: Experts Hopeful Inflation Rate Drops to Single Digit Mid-Year

A report by FSDH Research team has predicted inflation rate to drop to single digit in July 2018, provided there is no adjustment to the price of Premium Motor Spirit (PMS) and electricity tariff, while government resolves to stop the rising crises in some parts of the country quickly.

Besides, the team expects the inflation rate to decline further to 13.49 per cent in March, mainly on account of base effect of previous year, stating that the declining inflation rate may lead to a further drop in the yields on fixed income securities, particularly at the short-end of the yield curve.

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