According to the Centre for Promotion of Private Enterprises (CPPE), the Federal Government can use fiscal changes to lessen economic risks and slow the nation’s soaring rate of inflation.
Dr. Muda Yusuf, the center’s chief executive officer, made the statement after headline inflation increased to 21. 09 percent from 20.77 percent in September.
“However, the headline inflation decreased by 0.11 percent when compared month to month. From 1.36 percent in September to 1.24 percent in October, it dropped.
These include the weakening currency, increased transportation costs, logistical difficulties, lack of liquidity on the forex market, increase in diesel prices, climate change, insecurity in many rural areas, and structural constraints.