Nigeria’s inflation rate hits 25-month high at 12.4% in May
By Babajide Komolafe Nigeria’s annual inflation rate rose for the ninth consecutive months to 12.4 percent in May from 12.34 percent in April. This represents the highest inflation rate in 25 months since April 2018. Nigeria Bureau of Statistics, NBS, disclosed this in its Consumer Price Index report for May 2020. The annual inflation rate […]
Zimbabwe’s monthly inflation fell in July
Zimbabwe National Statistics Agency on Wednesday said Zimbabwe’s month-on-month inflation fell to 21.04 per cent in July, down from 32.96 per cent in June.
NBS puts Nigeria’s inflation at 11.08% in July
The National Bureau of Statistics (NBS), said the country’s inflation measured by Consumer Price Index (CPI) stood at 11.08 per cent (year-on-year) in July 2019.
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.
