Nigeria’s inflation drops to 16.25 % in May -NBS
The National Bureau of Statistics (NBS) on Tuesday said that the country’s inflation dropped to 16.25 per cent in May from 17.24 per cent in April. The NBS made this known in its “Consumer Price Index (CPI) May 2017’’ report released on Thursday in Abuja. According to the bureau, this is the fourth consecutive decline […]
Inflation drops to 9.3% in October
The National Bureau of Statistics (NBS) released its report on the Consumer Price Index (CPI) for the month of October, showing that inflation rose to 9.3 per cent in the tenth month of the year compared to 9.4 per cent in the previous month.
Inflation rate edged to 9.3 % in August – NBS
The National Bureau of Statistics (NBS) on Monday said that inflation rate edged higher to 9.3 per cent in August, compared to the 9.2 per cent rate in July.
This is contained in August 2015 Consumer Price Index (CPI) issued from the NBS in Abuja.
Analysts predict 8.7% inflation
Analysts at the Financial Derivatives Company (FDC) Limited predicted inflation rate of 8.7 per cent for July. “Our forecast for Nigeria’s headline inflation in July indicated a 0.37 per cent increase to 8.77 per cent (±0.22%) from June’s 8.4 per cent”, they said in the FDC Economic Bulletin for August.
