Economic Report- INFLATION- October 2019.

The National Bureau of Statistics (NBS) recently released the October Consumer Price Index (CPI) figure, reporting a YoY surge in headline inflation to 11.61%, the highest since May 2018. The composite food index also recorded a rise by 14.09% during the period (vs. 13.51% in September 2019). Core inflation, however, declined by 0.07%, settling at 8.88% (vs. 8.94% in September 2019). We expect the rise in inflation to influence investment decisions at the primary and secondary fixed income markets. Kindly find attached the full report.

The National Bureau of Statistics (NBS) recently released the October Consumer Price Index (CPI) figure, reporting a YoY surge in headline inflation to 11.61%, the highest since May 2018. The composite food index also recorded a rise by 14.09% during the period (vs. 13.51% in September 2019). Core inflation, however, declined by 0.07%, settling at 8.88% (vs. 8.94% in September 2019). We expect the rise in inflation to influence investment decisions at the primary and secondary fixed income markets. Kindly find attached the full report.