Other analysts said the trend so far supports an upshot in month-on-month inflation due to the festivities inherent with the month of December. “Thus, an increase in month-on-month inflation is expected. The recent dynamic in core inflation has eroded earlier perception that the upswing in core inflation in the month of October was a sudden deviation. The recoil in core inflation seems to be more prevalent given the trend. Thereby, an increase in headline inflation for the month of December is imminent the analysts said.

Source: Nigerian Tribune January 15, 2018 02:37 UTC