Inflation report for October   

21 November 2018 : Nigeria’s October inflation will be released this morning and Vetiva expects it to remain flat at 11.3% y/y (Consensus: 11.4) as the ongoing harvest season keeps food price pressure in check. Going forward, analysts expect dwindling base effects and election spending to drive inflation higher, and anticipate year-end inflation at 12.0% y/y. This would bring 2018 average inflation to 12.2% y/y, a marked improvement on 2016 (15.6% y/y) and 2017 (16.6% y/y) averages. Analyst's initial projection for 2019 is for inflation to rise above 2018 levels, propelled by likely currency weakness, a possible hike in minimum wage, and a much weaker base. 

Reporting for EasyKobo on Wednesday , 21 November 2018 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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