JUST IN: Nigeria’s inflation climbs to 15.75%
By Emmanuel Elebeke The consumer price index, (CPI), Thursday recorded 15.75 percent increase (year-on-year) in December 2020. In its monthly report released on Friday, the National Bureau of Statistics, NBS said the increase was 0.86 percent points higher than the rate recorded in November 2020 (14.89) percent. It also said that increases were equally recorded […]
MPC to retain policy rates as analysts see further rise in inflation
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting today is expected to retain its policy rates at current levels following the sharp increase in the inflation rate to 12.56 percent in June.
Nigeria’s inflation rate hits 12.56% ― NBS
The National Bureau of Statistics (NBS) says Consumer Price Index, (CPI) which measures inflation increased to 12.56 per cent year-on-year in June 2020. The NBS made this known in its CPI and Inflation Report for June released on Friday. It stated that the report showed that June inflation was 0.16 per cent points higher than […]
Rising inflation threatens FG’s N5.1trn revenue target
The drive by the federal government (FG) to raise its revenue this year to N5.08 trillion, is now threatened by sustained inflationary pressure.
Nigeria’s inflation rate hits 25-month high at 12.4% in May
By Babajide Komolafe Nigeria’s annual inflation rate rose for the ninth consecutive months to 12.4 percent in May from 12.34 percent in April. This represents the highest inflation rate in 25 months since April 2018. Nigeria Bureau of Statistics, NBS, disclosed this in its Consumer Price Index report for May 2020. The annual inflation rate […]
Nigerian inflation Jumped to 12.34% in April
In a monthly data report released by the National Bureau of Statistics, NBS on Thursday the inflation increased by 0.08 percent points higher than 12.26 percent rate recorded in March 2020.
