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Nigeria’s Inflation Rate Projected to Decline to 29.5% by Year-End – PwC

Written by gcsjjustified

According to a recent report by PwC Nigeria, the country's inflation rate is projected to decline to 29.5% by the end of 2024. This represents a marginal decrease from the current rate of 33.95% recorded in May 2024. The report cites the impacts of economic reforms, policy actions, and external pressures as factors contributing to the anticipated decline in inflation. However, PwC warns that any further increase in taxes could exacerbate corporate exits and negatively impact businesses already facing challenges due to the economic pressure points.

 

Citations:

[1] https://www.arise.tv/pwc-warns-against-further-tax-hikes-in-nigeria-says-it-could-exacerbate-corporate-exits/

[2] https://punchng.com/nigerias-headline-inflation-surges-to-33-95-in-may/

[3] https://www.nairaland.com/8135119/nigerias-inflation-rate-decline-29.5

[4] https://www.ripplesnigeria.com/pwc-forecasts-29-decline-in-nigerias-inflation-rate-by-year-end/

[5] https://www.nairaland.com/8135119/nigerias-inflation-rate-decline-29.5/2

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gcsjjustified

It's your boy young G.C.S...... As a skilled content writer, I specialize in crafting engaging, informative, and SEO-optimized content for various industries and platforms. With a passion for storytelling and a knack for words, I create high-quality articles, blog posts, and copy that resonates with audiences and drives results. Let me help you tell your story and elevate your brand's voice.

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