Inflation

Faster Growth in Core Index drives Headline Inflation Higher The National Bureau of Statistics (NBS) released Nigeria’s Inflation estimates for January 2015 today (16/02/2015). The NBS estimated that the Headline inflation rose 20bps Year on year (y-o-y) from December 2014 to 8.2% in January 2015. Although the accelerated growth in the Headline Index was in line with the broader market expectation, the actual growth estimated by the NBS was 30bps lower than our forecast –…