Experts Analyze Impact of Energy and Transportation Costs on Nigeria's Inflation

The article discusses how energy, transportation costs, high-interest rates, and structural gaps are driving inflationary pressures in Nigeria, despite a recent decline in the inflation rate. Dr. Muda Yusuf of CPPE points out the rise in transport and logistics expenses, insecurity affecting agriculture output, and high-interest rates as key contributors to inflation.

Dr. Chinyer Almona of LCCI emphasizes the need for interventions to strengthen the agricultural supply chain and stabilize food prices to reduce inflation volatility. The article also raises concerns about the methodology used to compute the Consumer Price Index (CPI) and calls for aligning fiscal and monetary policies to address inflation sustainably.