Nigeria's inflation continues to surge, reaching a staggering 25.80% in August 2023, as reported by the National Bureau of Statistics (NBS). This marks a significant 1.72% increase from the 24.08% recorded in July.
The NBS revealed, "In August 2023, the headline inflation rate increased to...
Nigeria’s inflation rate has increased from 11.98% recorded in December 2019 to 12.13% in January 2020. This is the highest rate recorded in the country since May 2018, which was 11.61%.
According to the NBS report, month on month, inflation rose by 12.13% in January, higher than the rate...
Nigeria’s consumer price index, which measures inflation, drops to 11.22% in June 2019. This is revealed in the latest inflation report released, today, by the National Bureau of Statistics (NBS)....
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The Consumer Price Index (CPI) which is used to gauge inflation rate in the country declined slightly year-on-year to 11.26 per cent in October, compared with the 11.28 per cent recorded in September, the National Bureau of Statistics (NBS) revealed yesterday.
It showed that food prices in …...
Nigerian Inflation rate fell for the second time in 16 months, showing the early effects of Central Bank intervention on the currency market to meet demand for dollars.
Year-on-year headline inflation dropped to 17.26 percent in March 2017 from 17.78 percent in February 2017 but month-on-month...
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Commodity prices of essential commodities became increasingly un-affordable for Nigerians, as the inflation rate rose for the 15th consecutive month to 18.72 per cent in January, 2017.
The commodities like bread, meat, fish, oil, yam and others have driven principally by the impact of Naira...
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Many Nigerians won't find it easy to celebrate Christmas this year.
This is because the country's annual inflation rate in November rose to 18.48 percent from 18.3 percent in October, data from the National Bureau of Statistics said on Thursday.
Separately, food index rose to 17.19 percent...
Nigeria's annual inflation accelerated in October to 18.3 percent from 17.9 percent in September, swinging to a more than 11-year high and the ninth monthly rise in a row.
“Food Inflation in October 2016 stood at 17.09% from 16.62% in September yearr on yearr and 0.81% month on montn from 0.81%...
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