Macroeconomic Update | Post – Inflation | October 2020

The report from the National Bureau of Statistics shows that headline inflation was higher at 14.23% YoY in October (vs 13.71% YoY in September), and also 14bps higher than our forecast of 14.09%. The food index rose by 17.38% YoY (vs 16.66% YoY in September) as price increases were witnessed on key food items like bread and cereals, potatoes, yam, and meat, amongst others.

Click on the link to access the full report attached:

Post-Inflation Update October 2020

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