Business

Inflation: Analysts project price levels to surge in 2024 

Financial analysts at Meristem Research anticipate a further increase in price levels in 2024, as the underlying factors that fueled the inflationary trend in 2023 show resilience.


The analysts stated this in its Meristem 2024 Annual Outlook ‘Setting Sail for Gradual Recovery’


According to the analysts, several factors contribute to the expected rise in price levels in 2024 which include the persistent depreciation of the Naira, reaching a range of NGN892.80 – NGN924.94/USD in the official market during 2023, coupled with elevated PMS prices.