Rise in food prices pushes inflation to 11.40%
The seasonal rise in prices of food items has further pressured the nation’s inflation rate in May 2019 to 11.4 percent, about 0.03 basis points above the previous month’s record. This would be the second consecutive uptick in the inflation rate this year, haven risen 0.12 basis points in April against March 2019.
Higher food prices push up October inflation – Analysts
NIGERIA’S inflation rate has been projected to rise for the third consecutive month in October, driven by continued increase in food prices, occasioned by herdsmen attack on farmers and recent episodes of flooding which undermine food supply across the country.
Nigeria’s inflation increases in Sept. -NBS
The National Bureau of Statistics (NBS) says the Consumer Price Index, (CPI) which measured inflation for September increased to 11.28 per cent (year-on-year) from 11.23 per cent recorded in August.
Declining reserves, rising inflation to dominate MPC considerations
AS the nation’s external reserves continued its downward trend for the tenth consecutive week last week, with month-to-date decline of $948 million, the ten man Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will meet for the 263rd time today to brainstorm on policy measures to address the economic headwinds of declining external reserves, rising inflation and slowdown in economic growth
Inflation rises for the first time after 18-month decline
The rate of inflation in Nigeria has risen for the first time since it commenced decline in January 2017.
Nigeria’s inflation increases in August – NBS
The National Bureau of Statistics(NBS) says the Consumer Price index (CPI), which measured inflation for August increased to 11.23 per cent (year-on-year) from 11.14 per cent recorded in July.
Nigeria’s inflation dips to 11.14% in July — NBS
The Consumer Price Index (CPI), which measured inflation continued on downward trend in July by dropping to 11.14 per cent (year-on-year) from 11. 23 per cent recorded in the previous month.
Nigeria’s inflation drops to 11.14% in July — NBS
The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measured inflation for July dropped to 11.14 per cent (year-on-year) from 11. 23 per cent recorded in June.
H1’18 inflation trend: FSDH, IMF, FDC in divergent forecast
FSDH Merchant Bank has faulted projections by the International Monetary Fund (IMF) and Financial Derivatives Company Limited (FDC) that inflation rate will reverse its 17 months declining trend and begin to rise in the second half of the year (H2’18).
Inflation declines to 11.23% in June
The Consumer Price Index (CPI) which measures inflation increased by 11.23 percent (year-on-year) in June 2018.
Low interest rate could create inflation crisis – CBN
The nation faces a delicate balance of maintaining the current interest rate and allowing it to fall over time, while attracting investment funds to build infrastructure or crash rate and face inflation crisis, the Central Bank of Nigeria (CBN) Director in charge of Policy, Mr. Moses Tule has said.
