INFLATION: Manufacturers’ unsold goods up 45.4% to N272bn
Inventory of unsold finished products in the manufacturing sector shot up significantly by 45.4 percent, Year-on-Year (YoY), in the first half of 2023 (H1’23) to N271.96 billion from N187.08 billion in the corresponding period of 2022 (H1’22) on account of escalating inflationary pressures.
Rising concerns over impact of inflation on SMEs, households
By Babajide Komolafe Economic analysts and members of the organised private sector have expressed anxiety over the severe impact of the continued rise in prices of goods and services on the survival of many businesses and ability of individuals to meet their basic needs, and the potential threat to the economy. Inflation is the rise […]
Why inflation will persist in months ahead, as March hits 18.17% — Analysts
*As rising food prices spike inflation to 4-year high *Intervention needed in supply side of economy – LCCI By Yinka Kolawole, Nkiru Nnorom & Elizabeth Adegbesan Analysts in the financial sector of the economy have projected continuous inflationary pressure in coming months, as surging food prices pushed headline inflation to a 4-year high of 18.17 […]
Headline inflation rises to18% in March – NBS
…As food inflation soars By Elizabeth Adegbesan Headline inflation rose to 18 percent in March representing 0.82 percent points year-on-year (YoY) rise when compared to 17 percent recorded in February. Similarly, food inflation rose YoY by 5.0 percent points to 23 percent in March from 22 percent in February. The National Bureau of Statistics, NBS, […]
Why February inflation rate was inevitable – Experts
Financial experts on Tuesday said the February inflation figure of 17.33 per cent was inevitable due to drop in agriculture production and price hikes in electricity and petroleum. They spoke with the News Agency of Nigeria (NAN) in Lagos, in reaction to the February inflation figure released by the National Bureau of Statistics (NBS). Professor […]
Food prices push inflation to 17.33%
By Emmanuel Elebeke The National Bureau of Statistics, NBS, says the consumer price index (CPI) which measures inflation increased by 17.33 per cent (year-on-year) in February 2021. The rise is 0.86 per cent points higher than the rate recorded in January 2021 (16.47) per cent. In its monthly report released on its website, the bureau […]
