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CPI
The report also showed that composite food index rose to 15.18% compared to 15.04% recorded in May 2020.
Inflation rate rise to 12.4% in May, 0.06% points higher than 12.34% recorded in April.
Data from the National Bureau of Statistics (NBS) reveal that Nigeria’s inflation rate increased by 12.20% (year-on-year) in...
Nigeria’s inflation increased to 11.61% in October 2019. According to the NBS report, inflation rose by 0.37% points, higher than the 11.24% recorded in September and 11.02% for August 2019.
The headline inflation is important for investors as an indicator of the health of the economy. However, for consumers, the rate of inflation can be a less reliable measure of changes in their spending power.
Nigeria's Consumer Price Index increased by more than 207% between 2009 and 2019 according to an analysis from...