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Saturday, September 21
“We would come back next month and things are likely going to get worse because the inflation figure for September will factor in the current price of petroleum and when that is done we would come back here and discuss it and see that some other things have gone up while the food that we think has been a bit positive maybe not be that positive come September.” He emphasized that the core issue lies in the exchange rate of the naira against the dollar, anticipating that inflation will intensify in the coming months, particularly with the release of the September inflation data, reflecting the current petroleum prices.
He said:“I don’t think the price of fuel is a major problem; what is not improving and what is causing most of this problem is the rate at which our naira is priced against the dollar..
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