December 10, 2012 / Financial Derivatives Company
FDC’s Lagos urban inflation eased by 1.24% to 12.6% in November, as the prices of food items such as pepper, yams, etc moderated. As affirmed by the National Bureau of Statistics, the impact of the flood was immediate and below expectations.
However, using trend analysis, we discovered there was a disconnect in Nigeria’s headline inflation which we forecast will inch up to 12.47% in November. Notwithstanding, we estimate that the headline inflation will ease in December.
In addition, the impact of the forbearance –“the unknown unknowns”- of the 84 stockbrokers is among the issues discussed in this edition of FDC’s bi-monthly publication