The sustenance of monetary tightening, reduction in the use of Ways and Means advances by the federal government, more stable naira, base effects and consumer resistance will cause inflation to reach an inflection point by mid-2024, and begin a gradual decline to an average of 26 per cent in 2024, Agusto & Co., a research agency , has said.
In its monthly newsletter, ‘2024: A Year of Reckoning, Turning Points and Balancing Acts’, the agency provided a proviso that growing insecurity in major food-producing parts of the country’s middle belt and the possibility of a weaker naira and higher petrol prices are major risks to this forecas
Inflation Nigeria Research Agency Forecast Inflection Point Decline Risks
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