Ibukun Omoyeni* i.omoyeni@vetiva.com Inflation may likely peak in June In May, headline inflation rose by 26bps to 33.95% y/y (Apr’24: 33.69% y/y). The outturn was 55bps below the Bloomberg consensus estimate of 34.50% y/y (Vetiva: 34.28% y/y). We attribute the mild uptick to the fiscal intervention in the commodity market, and relative stability in the…
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