August 18, 2021/Cordros Report According to the July Consumer Price Index (CPI) reading released by the National Bureau of Statistics (NBS), the year-on-year headline inflation tapered by 37bps to 17.38% – the lowest in six months. Dissecting the sub-components on a year-on-year basis, we note a sustained deceleration in the […]
OPINION/EDITORIAL
Nigeria Inflation In Focus, All eyes on Powell’s Speech
August 18, 2021/CMC Connect Written on 17/08/2021 08:00 GMT by Lukman Otunuga, Senior Research Analyst at FXTM It’s no secret that major economies across the world are dealing with rising inflationary pressures. In the United States, consumer prices remain at 13-year highs while the rate of inflation in the United […]
Food Prices Continue to Support Inflation Descent
August 18, 2021/CSL Research Consumer prices continue to taper, as headline inflation moderated by 38bps to 17.37%. While the high base was supportive, the food segment of the CPI basket remains the major driver of disinflation. In the same vein, month-on-month inflation tapered by 17bps to 0.91% y/y. Food inflation […]

