Inflation Rate

......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…

Nigeria’s headline inflation has surged to 20.52 per cent in August this year, rising from 19.64 per cent recorded in July last month. According to the National Bureau of Statistics (NBS) report released on Thursday, inflationary…

Inflation in Nigeria climbed further to 15.92 per cent in March, the highest rise in the consumer price index since last October, underlining a difficult time for Nigerians who face pressure from every side including food shortage,…

...CONSUMPTION RAISES INFLATION RATE TO 12.82% AMINA HUSSAINI The National Bureau of Statistics (NBS) on Monday reported the highest inflation rate for Nigeria in 27 months. The NBS, in its consumer price index (CPI) report…

AMINA HUSSAINI and OMOTAYO ARAOYE THE Consumer Price Index (CPI) increased in June 2020 pushing the inflation rate to 12.56 percent (year-on-year) representing a  0.16 percent points higher than 12.40 percent, the rate in May 2020.…

The National Bureau of Statistics on Friday released the Consumer Price Index which measures inflation. The index dropped to 11.37 per cent in January 2019. The bureau in the report said the 11.37 per cent inflation rate for January is…

Nigerian inflation eased for the 15th straight month in April, moving closer to the central bank’s target and expanding room for monetary-policy makers to consider trimming their key interest rate.  Consumer-price growth in Africa’s most…

Two financial experts on Monday pick hole in the 2018 single-digit inflation target of the Central Bank of Nigeria (CBN) saying it would not be feasible owing due to the downside risks of electioneering spending. They spoke in separate…

FSDH Research predicted the inflation rate (year-on-year) will drop marginally to 15.91 per cent in October 2017 from 15.98per cent reported in the month of September 2017. The expected marginal decline in the inflation rate is premised…