Tuesday,January 23, 2018 /5:45PM /FDC 

Transport fares increased by 100% in December, and surprisingly,inflation declined by 0.53%. The delayed impact of the fuel scarcity oninflation is expected in January. 

The tenuous link between fuel and commodity prices is because foodcommodities are typically transported by trucks powered by diesel, the price ofwhich has been relatively stable. 

The surge in oil price to $69.8pb, which is good for export revenues, isputting pressure on the landing cost of refined products, and is becoming apoisoned chalice to Nigerian citizens.  

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