August inflation expected to reverse direction   

14 September 2018 : Nigeria’s inflation data for August is scheduled to be released by the National Bureau of Statistics (NBS) at 12pm today and analysts anticipate a slight uptick in inflation from 11.1% to 11.2% (Consensus: 11.1%). This increase is despite an expected drop in month-on-month inflation from 1.1% to 1.0% and comes amid weakening base effects as analysts move further into H2’18. Analysts reiterate their view that inflation is likely to rise in the second half of the year as weaker base effects are met with resurgent food price pressure and likely inflationary impact of fiscal injections as elections approach. In all, analysts forecast a full-year inflation of 12.4%, down from 16.6% in 2017. 

Reporting for EasyKobo on Friday , 14 September 2018 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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