Uganda’s annual inflation down to 1.9% in May
Uganda’s annual inflation rate for the year ending May dropped to 1.9 perc from 2.1 percent recorded in the year ending April, the country’s statistics bureau said late Monday. The Uganda Bureau of Statistics (UBOS) said that the drop was mainly attributed to a decrease in food and non-alcoholic beverage prices, among other reasons. However, […]
UK inflation rises as cheap virus meal scheme ends
British inflation rose to 0.5 per cent in September, official data showed Wednesday, as the UK government ended a meals discount scheme boosting the restaurant sector battered by the coronavirus pandemic. The annual inflation rate, as measured by the UK’s Consumer Prices Index, increased from a near five-year low of 0.2 percent in August. The […]
Just In: Nigeria’s inflation rises to 13.7%
By Emmanuel Elebeke Nigerian inflation has continued on a rising trend, increasing by 13.71 per cent (year-on-year) in September 2020. A monthly report released by the National Bureau of Statistics, NBS on Thursday said the increase is 0.49 per cent points higher than the (13.22) per cent rate recorded in August 2020. According to the […]
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) […]
