By Adaeze Okechukwu
RESEARCH analysts at FSDH Merchant Bank Limited have forecasted a marginal decline in the headline inflation rate for the month of October 2017 to 15.91 percent against 15.98 percent recorded in preceding month. This is against the backdrop of slow increase in the prices of food and non-food items recorded in the month of October.
The analysts, in a recently released report ascribed the eight-month consecutive decline in the inflation rate year-on-year (YoY) from January to September 2017 to base effect in the previous year. “The expected marginal decline in the inflation rate is premised on slower increase in the food and non-food divisions, compared with the previous month,” the report stated.
The research analysts explained: “The movement in the prices of food items during the month resulted in 0.85 per cent increase in our Food and Non-Alcoholic…
Read More…..Vanguard Newspaper