Inflation reduces by 0.05% in April ― NBS
The National Bureau of Statistics (NBS), says inflation rate reduced by 0.05 per cent in April compared to what obtained in March.’ It said while the inflation rate stood at 18.17 per cent in March, it reduced to 18.12 per cent in April. The rate is contained in the NBS’s Consumer Price Index (CPI) report […]
Inflation, forex scarcity worsens woes in manufacturing sector
Growth rate in the manufacturing sector is projected to suffer further decline in September and third quarter of 2020 as operators come under a renewed wave of inflation and foreign exchange scarcity.
Rise in prices of bread, cereal, yam, others escalate Nigeria’s inflation
•Records 7th consecutive month rise •New FX policy to add more pressure from Sept By Babajide Komolafe, Michael Eboh & Elizabeth Adegbesan Nigeria’s inflation has recorded seventh-month consecutive rise to 13.22 percent in August. Headline inflation rate stood at 12.2 percent in February from where it rose steadily every month to 13.22 percent in August. […]
Nigeria’s inflation records 7 months rise to 13.22% in August
By Elizabeth Adegbesan Nigeria’s inflation has recorded seven months (from February to August) rise to 13.22 percent in August. The headline inflation rate stood at 12.20 percent in February from where it rose by 1.02 percent to 13.22 percent in August. When compared to 12.82 percent recorded in July 2020, inflation rate rose year-on-year (YoY) […]
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. […]
