The Chief Executive Officer of Financial Derivatives, Bismarck Rewane has predicted that Nigeria's inflation and food price hikes will decline from July to August 2024. Rewane disclosed this on Thursday during an interview with Channels Television. His forecast comes as Nigeria's headline and food inflation increased for the 17th time in May to 33.95 percent and 40.66 respectively.
The picture is that the rate of increase in price level has begun to slow. Hence we are projecting that information will begin to decline from July to August. There is a flicker of light at the end of the tunnel 'Give or take depending on how the Minimum wage is handled, there will decline in Inflation from July to August, not drastically though. Don't forget it has been the 17th consecutive month of inflation. 'Given out take depending on.