The National Bureau of Statistics, Monday, has said that Nigeria’s inflation rate dropped by 0.18 percent in the month of June.

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.

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.

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.

THE Governor of the Central Bank ofNigeria (CBN), Dr. Godwin Emefiele has disclosed how the highest banking body in Nigeria was able to reduce rising inflation in Nigeria through heterodox policy, an unconventional monetary policy tool.

 An economic expert, Prof. Uche Uwaleke said the new minimum wage would not lead to inflation contrary to speculations by some Nigerians.

Organised Labour, yesterday, asked the Federal Government to address federal and states’ debts, rising inflation, insecurity and infrastructure deficit confronting the nation.

By Emmanuel Elebeke Nigeria’s inflation measured by the Consumer Price Index (CPI) in March dropped by 0.06 per cent points, lower than the rate recorded in the previous month. In its monthly report posted on its website, the National Bureau of Statistics (NBS), said the CPI, which measures inflation decreased to 11.25 per cent (year-on-year) […]

Analysts in the financial sector have projected that the signing of the new minimum wage bill, a hike in energy tariffs and ongoing planting season would trigger a rise in monthly inflation rate in April, May and June this year even as inflation rate for March 2019 slowed down to 11.25 percent.

The National Bureau of Statistics (NBS) said the country’s inflation measured by the Consumer Price Index (CPI) in March was 0.06 per cent points lower than the rate recorded in February.

The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation decreased to 11.31 per cent (year-on-year) in February from 11.37 per cent recorded in January.

Nigeria inflation rate has dropped to 11.37 per cent in the month of January, reading a 0.07 percent points lower than (11.44) percent, the rate recorded in December 2018, the National Bureau of Statistics, NBS, said on Friday.

Nigeria’s headline inflation is expected to show a drop to 11.35 percent in the January, 2019 reading, down from 11.44 percent in the preceding month, according to a forecast by Financial Derivative Company, FDC.

The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation increased to 11.44 per cent (year-on-year) in Dec. 2018 from 11.28 per cent recorded in Nov. 2018.

IF analysts’ projections are anything  to go by, the recent reversal in the inflationary developments in the economy towards uptick is set to be sustained not just in December 2018 but way into 2019.