Nigeria’s Inflation Rate To Jump  To 11.4%, Says CBN
CBN Governor, Godwin Emefiele

The country’s inflation rate will jump to 11.4 percent for the rest of 2018 till mid-2019, according to the Central Bank of Nigeria (CBN).

This was revealed by the CBN, Governor, Godwin Emefiele while speaking on Nigeria’s outlook and policy thrust for 2019.

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“Inflation expectations are rising on the backdrop of anticipated politically related liquidity injections,” he said.

“For the rest of 2018 and towards mid-2019, Nigeria’s rate of inflation is projected to rise slightly to about 11.4 percent and then moderate thereafter.”

The consumer price index, which measures inflation fell to 11.26 percent (year-on-year) in October 2018, according to a report by the National Bureau of Statistics on its ‘CPI and inflation report October 2018.’