Why February inflation rate was inevitable – Experts
Financial experts on Tuesday said the February inflation figure of 17.33 per cent was inevitable due to drop in agriculture production and price hikes in electricity and petroleum. They spoke with the News Agency of Nigeria (NAN) in Lagos, in reaction to the February inflation figure released by the National Bureau of Statistics (NBS). Professor […]
South Africa’s annual inflation climbs to 3.2%
South Africa’s annual consumer inflation rate climbed to 3.2 per cent in July from 2.2 per cent the previous month, driven mainly by transport, food and housing prices, official statistics showed Wednesday. Prices are starting to pick up as the economy gradually re-opens after months of tight restrictions imposed to limit the spread to coronavirus. […]
Rising inflation, cause for concern, expert cautions
By Michael Eboh Professor of Finance and Capital Market in Nasarawa State University, Lafia, Uche Uwaleke, yesterday, expressed concern over rising inflation in Nigeria, engendered by increasing unemployment, high exchange rate and illiquidity in the foreign exchange market among others. In a response to the 12.82 per cent inflation rate for July 2020, announced by […]
Inflation hits 11 months high to 12.82% in July — NBS
…Food inflation up 0.30% By Elizabeth Adegbesan Nigeria’s inflation rate rose year-on-year (YoY) by 0.26 percentage point to 12.82 percent in July this year from 12.56 percent in June. This represents the eleventh consecutive monthly rise in inflation rate since October 2019. Similarly, food inflation rose by 0.3 percentage point to 15.48 percent in July […]
High cost of goods, transport fare push inflation to 12.08%
By Emmanuel Elebeke The consumer price index, (CPI) which measures inflation increased by 12.82 per cent (year-on-year) in July 2020. This is 0.26 per cent points higher than the 12.56% rate recorded in the previous month as a result of increases recorded in all Classification of individual consumption by purpose (COICOP) divisions that yielded the […]
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.
