Inflationary pressure to intensify amidst continued rise in food prices
•As Inflation rate hits 12.26 % in March By Babajide Komolafe The rising trend of Nigeria’s annual inflation rate will intensify in April driven by continued increase in prices of food items due to the impact of the COVID-19 restrictions as well as the onset of the planting season. This was the highlight of analysts’ […]
Headline inflation rate drops in June
Despite the decline in headline inflation rate to 11.2 percent in June 2019, analysts in the financial sector of the economy have projected that the headline inflation index will rise to 11.5 percent in the second half of 2019, H2’19.
Breaking: Nigeria’s inflation rate drops ― NBS
The National Bureau of Statistics, Monday, has said that Nigeria’s inflation rate dropped by 0.18 percent in the month of June.
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.
Nigeria’s inflation rate hits 11.40% in May- NBS
The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation increased to 11.40 per cent (year-on-year) in May from 11.37 per cent recorded in April.
Leading corporates peg expenses below inflation trend
AGAINST inflationary pressures and other operational challenges, corporate organisations in Nigeria appear to be focused on cost containment with the first quarter 2019, Q1’19, financial results indicating that growth in overhead has been significantly below inflation rate. But the strategy may have failed to support the bottom-line.
