Inflation
Inflation related news
World Bank says inflation to push additional 1 million Nigerians into poverty by end of 2022
World Bank has said that inflation in Nigeria is likely to push an additional one million Nigerians into poverty by...
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Ghana’s inflation surges to 18-year peak, rises above 27% in May 2022
Ghana's inflation accelerated to 27.6% year-on-year in May from 23.6% in April, hitting a new 18-year peak.
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Why CBN’s interest rate hike will fail to reduce Nigeria’s hyper inflation
Experts and scholars have stated that the rate hike would not have the desired effects on inflation in Nigeria.
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How Covid lockdowns caused present global inflation – Expert
An expert has stated that there were already patterns of hikes in global commodities and price inflation before Russia struck...
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New interest rate: How FG can curb inflation- Muda Yusuf, CPPE boss
The Nigerian economy is not a credit driven economy, unlike what obtains in many advanced economies.
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Nigeria’s CBN raised interest rates to 13%, blames high inflation
The MPC has voted unanimously to raise the benchmark interest rate to 13% after over two years of expansionary monetary...
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UK inflation hits 40-year high of 9% in April
Inflation in the United Kingdom reached a 40-year high of 9% in April, as food and energy costs skyrocketed...
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US Fed to maintain hawkish stance until inflation cools
The US Fed says it would keep raising interest rates until there is clear evidence inflation is steadily falling despite...
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Energy crisis pushes Nigeria’s core inflation rate to a 5-year high
Core inflation quickened by 0.26% in April 2022 due to significant increases in the prices of gas, liquid fuel, clothing...
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Nigeria’s inflation rate jumps to 16.82% in April 2022, highest in 8 months
Nigeria's inflation rate rose to 16.82% in April 2022 from 15.92% recorded in the previous month.
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