Nigeria’s inflation rate eased slightly in June from 15.93% to 15.91%, marking the first slowdown after four consecutive months of increases. While the improvement was modest, it suggests that some of the pressures pushing prices higher in recent months are beginning to ease. Lower global oil prices,improving domestic fuel supply, and softer core inflation all contributed to the slower pace of price increases, although food inflation remained elevated.
For investors and households, the June data points to an economy where inflation is becoming more stable, even as food prices continue to weigh on consumers. In this month’s report, Zedcrest Research examines what drove the latest inflation numbers, the role of global oil markets and domestic fuel prices, and what these trends could mean for inflation in the months ahead.
The full report is available below.
