October 19, 2018/Cowry Asset
In the just concluded week, freshly released September inflation report showed that headline inflation rate extended its uptrend, to 11.28% year-on-year (from 11.23% in August 2018). The increase in annual inflation rate was driven by higher prices of food in both urban and rural areas. Hence, food index rose y-o-y by 13.31% (higher than 13.16% in August) amid insecurity in major food producing areas, notably the middle belt… Kindly click here for details.
