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UPDATED: Nigeria’s inflation rate rises again
The annual inflation rate for May also showed an 11.54 per cent increase compared to the 22.41 per cent recorded ...
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The annual inflation rate for May also showed an 11.54 per cent increase compared to the 22.41 per cent recorded ...
The NBS said this is 5.4 per cent higher than the amount recorded in the previous month.
Despite a significant appreciation recorded in the value of the naira in recent weeks, the impacts on the prices of ...
Inflation rose for the ninth straight month in October.
The Consumer Price Index (CPI) report released by the NBS showed that inflation rose by 20.8% in September, the highest ...
Nigeria's National Senior Citizens Centre Act mandates the state to direct its policy towards ensuring “that old age care and ...
![Market women used to illustrate the story. [Photo credit: Around the World in 80 Clicks]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2020/04/Yeebo_Market_01.jpg?resize=350%2C250&ssl=1)
The consumer price index (CPI), which measures inflation, increased to 15.92 percent in March from 15.70 percent recorded in February.
The NBS compares the prices of egg, rice, garri and more.
![Nigerian food market. [Photo credit: The Guardian NG]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2021/04/Nigeria-Food-market.jpg?resize=350%2C250&ssl=1)
When compared on a monthly basis, the prices of goods and services actually rose as the headline index climbed between ...
Food inflation fell to 21.03 per cent in July, compared to 21.83 per cent in June.
"This implies that prices continued to rise in June 2021 but at a slightly slower rise than it did in ...
![A food market in Ibafo in Nigeria’s Ogun State. The effects of COVID-19 on food systems will be keenly felt in poorer countries. [Photo - The Conversation]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2020/04/A-food-market-in-Ibafo-in-Nigerias-Ogun-State.jpg?resize=350%2C250&ssl=1)
Inflation in May stood at 17.93 per cent, still amongst the highest in four years.
![Yuan [Photo Credit: Al Jazeera]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2020/09/Al-Jazeera.jpg?resize=350%2C250&ssl=1)
Mr Gang said the central bank would continue to implement a normal monetary policy to ensure stability.
Abuja had the slowest rise in prices on month-on-month food basis.
Inflation in April stood at 18.12 per cent, the second-highest in four years.
Ondo at 17.20 per cent , Abuja at 16.73 per cent and Bauchi at 16.37 per cent recorded the slowest ...
The rise in the food index was caused by increases in prices of bread and cereals, potatoes, yam and other ...
Food prices rose the highest in Ogun State.
Inflation in Nigeria has been on the rise since August 2019 when the country shut its land borders with its ...
The highest increase recorded was on oil and fats, fish, meat, potatoes, yam and other tubers as well as bread ...
This is 0.36 percentage points higher than the rate recorded in September 2019 (11.24 per cent).
Nigeria's inflation hit the highest marks in the last 12 months in December 2018 and May 2019.
The bureau said the high inflation was caused by increase in prices of some foodstuff.
Nigeria’s inflation rate rose marginally to about 11.28 percent in September
The figure is 0.09 per cent points less than the rate recorded in June.