Inflation rate, the average rate of change in the prices of goods and services is expected to continue its upward tick in July, rising to 23.35 per cent, the highest in 18 years,” Chief Executive Officer of Financial Derivatives Company (FDC) Limited, Bismarck Rewane, has said.
“In a period of one month, the price of PMS has increased twice, first to N488/ltr and then to N617/ltr. Diesel price is also up 5.88 per cent to N720/ltr, pushing up logistics costs. In addition, the naira touched an all-time low of N893/$ at the parallel market.
