Tag: consumer price index (CPI)

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.

The composite food index, which measures the capacity of people to feed, rose by 13.45 per cent.

The bureau says 'rural inflation' rate dropped to 12.13 per cent in April.

NBS says it is the 11th consecutive slowdown of inflation.

Nigeria’s inflation dropped to 16.25 per cent in May from 17.24 per cent in April.

It is the fourth consecutive decline since January, the National Bureau of Statistics said.

Electricity, fuels and lubricants recorded highest price increases during the month.

Inflation was 11.4 per cent in February.

Inflation was 9.3% in October and 9.4% in November.

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