Headline inflation rises to18% in March – NBS
…As food inflation soars By Elizabeth Adegbesan Headline inflation rose to 18 percent in March representing 0.82 percent points year-on-year (YoY) rise when compared to 17 percent recorded in February. Similarly, food inflation rose YoY by 5.0 percent points to 23 percent in March from 22 percent in February. The National Bureau of Statistics, NBS, […]
US central bank to allow inflation rise to maximise job growth
The United States (US) central bank has shifted policy and now will let inflation rise to allow the economy to produce more jobs for the benefit of all workers, but especially lower-income families, Federal Reserve Chair, Jerome Powell said Thursday. The change means inflation can stay above the 2.0 per cent target “for some time” […]
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 […]
