Inflation Rate

With the 2027 general elections coming up in the first quarter of the year, economic challenges like the rising cost of living, unemployment, and insecurity are expected to take centre stage in political discussions. As Nigerians prepare…

A stark new report from the World Bank reveals that poverty in Nigeria surged to 63% in 2025, leaving approximately 140 million people struggling to make ends meet. According to the Nigeria Development Update (April 2026), the country…

Nigeria’s inflation rate moderated marginally to 15.10 per cent in January 2026, reflecting a slight decline from the 15.15 per cent recorded in December 2025, according to the latest data released by the National Bureau of Statistics.…

The Special Adviser to the Presidency on Economic Matters, Tope Fasua, has assured Nigerians that the inflation rate is heading towards a single digit, which, according to him, will translate to better living conditions for the masses.…

Nigeria’s inflation rate eased in August 2025, offering temporary relief to households and businesses, though food costs remain a persistent pressure point. According to the National Bureau of Statistics (NBS), headline inflation slowed to…

Nigeria’s headline inflation rate for April 2025 has eased to 23.71 per cent, down from 24.23 per cent in March 2025, according to the latest Consumer Price Index (CPI) report released today by the National Bureau of Statistics (NBS). This…

The Central Bank of Nigeria has projected a gradual drop in inflation rate over the next six months. This is contained in its newly released report on inflation expectations for February 2025. According to the report, businesses and…

Nigeria’s headline inflation rate eased to 33.4 per cent in July 2024, slowing for the first time in almost 2 years, down from a 28-year high of 34.19 per cent in the previous month, reached amid the removal of fuel subsidies and a…

......Governor, Central Bank of Nigeria (CBN), Yemi Cardoso's plans of a 21.4 per cent inflation rate target for 2024 have continued to generate reactions. InsideBusinessNG examines factors that determined inflation rate reduction and the…

The National Bureau of Statistics (NBS) on Monday disclosed that the inflation rate in Nigeria gained 7.58 percentage points in 2023 when it increased to 28.92 percent in December 2023 from 21.34 percent reported in December 2022. The…