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
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...
SPECIAL REPORT: Illegal miners degrade Ekiti community, engage in child labour
The activities of illegal miners in a community in Ekiti State have caused degradation of the environment, as miners engage...
SPECIAL REPORT: Inside the illegal trading of forest woods in Cross River community
“With a N20,000 bribe, an external buyer can influence the youth in host communities , Cross River State, to cut...