Tag: Consumer Price Index

The inflation fails to cool as energy prices continue to rise.

The new inflation rate raises concerns in Africa’s biggest economy, placing pressure on the apex bank to increase interest rates.

The Consumer Price Index (CPI), which measures the rate of change in prices of goods and services, surged from 18.60 ...

Nigeria has faced fuel shortages since February after importing substandard fuel, resulting in weeks of severe scarcity and long queues ...

The rate for December 2021 was 15.63 per cent.

Nigeria’s headline inflation rose to 15.63 per cent in December 2021 compared to 15.40 per cent in November.

Inflation rose to 15.63 per cent in December 2021 compared to 15.40 per cent in November, the National Bureau of ...

Prices of goods and services rose 15.99 per cent between October 2020 and October 2021.

Akwa Ibom at 17.85 per cent, Bauchi at 17.74 per cent, and Abuja at 16.67 per cent recorded the slowest ...

Food inflation also increased from 21.79 percent in February to 22.95 in March.

Core inflation, which excludes the prices of volatile agricultural produce like food, fell compared to June.

The CPI measures the average change in prices of goods and service.

The report showed that food inflation rose to about 13.31 per cent, from 13.16 per cent in the previous month.

Since it exited recession in 2017, the nation has recorded consecutive decline in inflation.

The rate inches closer to the single digits target set by both monetary and fiscal authorities.

The is the 13th consecutive disinflation since January 2017.

A bank official attributes ''steady growth of the reserves'' to CBN's policies.

The NBS said urban inflation rate rose by 15.56 per cent in January 2018 from 16.78 per cent in December ...

This was disclosed in a report published on the bureau’s website.

According to the bureau, this is 0.07 per cent points lower than the rate recorded in September.

The bureau, however, noted that the Food Index increased by 20.28 per cent in July.

Food prices sub-index increased at faster pace in February by 11.3 per cent.

The CPI stated that the October inflation rate was marginally lower from the rate recorded in September, which was 9.4 ...

An average Nigerian worker spends 60% of this income on feeding.

Oil prices declined further from $43.55 per barrel on Monday to $41.50 on Tuesday