Macroeconomic Report & Economic Updates

February 2, 2018

Nigeria Economic Update (Issue 3)

Recently released inflation rate report by the NBS shows a further decline in consumer price index in December 2017. At 15.37 percent, the CPI was 0.53 percentage points lower than the 15.90 percent recorded in November 2017. The food sub-index decreased to 19.42 percent from 20.21 percent, indicating reduced pressure on food prices in the review period. Core sub-index fell slightly to 12.1 percent from 12.21 percent in the preceding month. Going forward, the ability of the Central Bank of Nigeria (CBN) to control inflation in 2018 may be hampered by monetary injections by the government and politicians towards budgetary expenditure and election campaigns, respectively.

Download Label
March 13, 2018 - 4:00 am
application/pdf
902.78 kB
v.1.7 (stable)

Related

 

Geographic Potentials, Production Integration And Regional Integration In West Africa

The paper discusses the geographic characteristics of West Africa, the diverse productive activities in each of the geographic location and its implications for regional integration.