…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 […]

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 […]

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.

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 […]

The drive by the federal government (FG) to raise its revenue this year to N5.08 trillion, is now threatened by sustained inflationary pressure.