Businesses expect inflation to ease in six months- CBN survey
CBN Building
Nike Popoola
Business and Household respondents expect the level of inflation to gradually ease over the next six months.
The Central Bank of Nigeria stated this in its ‘Inflation expectations survey report’ for November 2024, by the Statistics Department-Economic Policy Directorate.
‘In line with the inflation perception in the current month, more businesses expect higher expenditure compared to households in the current month,” it stated.
Perception of inflation by settlement type reveal that a higher proportion of urban
residents view the current inflation rate as high.
A breakdown of the perception indicated that large businesses has the highest inflation perception while small businesses recorded the lowest perception.
Households and businesses anticipate lower spending as their expenditure expectation gradually decrease over the next 6 months
The report said, “Respondents were drawn from the establishment frame of the National Bureau of Statistics (NBS) and National Population Commission (NPopC) National list of Enumeration Areas (EAs). A total of 3,565 were interviewed, comprising 1900 irms and 1665 households).
