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CONSUMER PRICE INDEX
The cost of living in Nigeria continues to rise, with May 2024 Consumer Price Index (CPI) data showing a consistent increase in inflation rates across both all items and food, affecting the daily lives of people in states.
Nigeria's inflation rate surged to 33.95% in May 2024, up from 33.69% in April 2024, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Saturday.
The cost of living in Nigeria continues to rise, with April 2024 Consumer Price Index (CPI) data showing a consistent increase in inflation rates across both all items and food, affecting the daily lives of people in states, as evidenced by the data from the top 10 most expensive states.
The cost of living in Nigeria continues to rise, with March 2024 consumer index price (CPI) data showing a consistent increase in inflation rates across both all items and food, affecting the daily lives of people in states, as evidenced by the data from the top 10 most expensive states.
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas, and Other Fuels (altogether referred to as ‘household bills’) has surged by 27.64% over the past year, reflecting a substantial increase as Nigerians grapple with escalating inflation rates and declining incomes.
As Nigeria braces for the uncertainties of 2024, the Misery Index has surged under Tinubu's seven-month-old administration, presenting a challenge for economists predicting the nation's economic trajectory amid persistent challenges.
Data from the National Bureau of Statistics (NBS) shows that Nigerians in the Northern part of the country paid the least for food in December 2022
The average price of 1kg rice increased on a year-on-year basis by 19.21% from N424.62 in December 2021 to N506.17 in December 2022.
U.K. inflation rose fr another new 40-year high in June, driven by the increasing food and energy prices which continues to impact the cost of living.
US inflation dipped marginally to 8.3% in April, but stayed close to March’s 40-year high of 8.5%, underscoring the urgency of the Fed’s push to stamp out inflation.
For about two years, every time the price of popular cryptocurrencies or stocks has dropped by more than...
Nigeria's inflation rate dropped for the first time in 20 months to stand at 18.12% in April 2021