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Seasonal spending, political campaign to push up inflation figures

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IF analysts’ projections are anything to go by, the recent reversal in the inflationary developments in the economy towards uptick is set to be sustained not just in December 2018 but way into 2019.

Inflation numbers had, in November, reversed its 18 consecutive month of steady decline, and inched up instead.

Now investment experts are projecting further spike in inflation figures for the month of December, 2018 owing to seasonal spending associated with yuletide periods as well as political spending ahead of the 2019 general elections.

Accordingly, analysts at Cordros Capital, a Lagos-based investment banking firm, put the December 2018 figure at 13.08 percent, while their counterparts at United Capital Plc, another investment banking firm, see the inflation figure at 11.55 percent.

Vanguard, December 27, 2018

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