TAG: INFLATION RATE

All the major economic news from Nigeria in 5 minutes – 17/7/2017

All the major economic news from Nigeria in 5 minutes – 17/7/2017

Summary of the top business, economic and political news in Nigeria today.   The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has...


Inflation rate, rise and fall explained

Inflation rate, rise and fall explained

This article is written to help explain the confusion that arises with the characterization of inflation rate as a rise of fall. Whenever the...


Inflation rate declines in 5th consecutive month to 16.10%

Inflation rate declines in 5th consecutive month to 16.10%

Nigeria’s inflation rate rose by 16.1% for the month of June 2017 compared to 16.5% in the month of May 2017. This is the...



Nigeria’s Historical Monthly Inflation Rate Data (Updated July 2017)

Nigeria’s Historical Monthly Inflation Rate Data (Updated July 2017)

This data includes inflation rate for every month from January...


These states have the highest inflation rate in Nigeria

These states have the highest inflation rate in Nigeria

The National Bureau of Statistics reported earlier in the week that the inflation rate for May was 16.25%. This is the lowest inflation rate...


5 reasons why the CBN may not meet its 11% inflation target

5 reasons why the CBN may not meet its 11% inflation target

Central Bank Governor, Godwin Emefiele speaking at a hearing organized by the Senate, said the CBN was targeting 11% inflation rate by year end....


Free Market Stay Winning For Ghana As Inflation Rate Drops, Cedi Gains

Free Market Stay Winning For Ghana As Inflation Rate Drops, Cedi Gains

Nairametrics| Ghana’s central bank has cut interest rates by 2%, the biggest rate cut in five years. Interest rate is now 23.5% from 25.5%....


The Latest Drop In Inflation Rate Could Be A Blip?

The Latest Drop In Inflation Rate Could Be A Blip?

Nairametrics| The National Bureau of Statistics released its 2016 February consumer price index confirming inflation rate for the month of February was 17.78%. This was...


Flash: Inflation Rate Drops For The First Time In 15 Months

Flash: Inflation Rate Drops For The First Time In 15 Months

Nairametrics| The National Bureau of Statistics has released its 2017 February Consumer Price Index revealing that Nigeria’s inflation rate increased by 17.78 percent for...


Analysis: Is Nigerian Treasury Bills The New’ Ponzi’ In Town?

Nairametrics| I’m sure by now if you are a regular visitor to Nairametrics, you know we love treasury bills. We’ve had a special affection...


Nigeria’s Inflation Rate Rises For The 14th Consecutive Month

Nigeria’s Inflation Rate Rises For The 14th Consecutive Month

The National Bureau of Statistics on Friday revealed Nigeria’s inflation rate for the month of December 2016 was 18.55% (November 2016 18.48%). This is...


A story about Inflation, Ten Naira Note and Tokunbo Vehicles

A story about Inflation, Ten Naira Note and Tokunbo Vehicles

A government for the...


This Is a Month By Month Analysis Of How Inflation Rates Rose By 92% In 2016

This Is a Month By Month Analysis Of How Inflation Rates Rose By 92% In 2016

The Consumer Price Index reports released by the National Bureau of Statistics (NBS) has shown that inflation in Nigeria rose from 9.62% in January...


SMI Report Says There Is ‘Little Sign That Economy Will Exit Recession’ Soon

SMI Report Says There Is ‘Little Sign That Economy Will Exit Recession’ Soon

Bad news we have been waiting...


These Analysts Believe The CBN Is Not ‘Bothered’ About An 18% Inflation Rate

These Analysts Believe The CBN Is Not ‘Bothered’ About An 18% Inflation Rate

Analysts are betting that the Central Bank of Nigeria (CBN) will cling to the interest rate despite  a surge in inflation fueled by an...


Official: Nigeria’s August Inflation Rate Is 17.6%

Breakdown of inflation rate for the month of August...


This Is An Unofficial Inflation Report Every Nigerian Family Can Relate With

This Is An Unofficial Inflation Report Every Nigerian Family Can Relate With

These prices are starkly familiar...


Nigeria’s 1999 Inflation Rate

  Month CPI Urban Rural Jan 14.29 15.90 13.95 Feb 14.38 17.80 13.69 Mar 13.55 15.71 13.10 Apr 11.58 14.93 10.92 May 11.36 13.28...


Nigeria’s 2004 Inflation Rate

  Month CPI Urban Rural Jan 22.39 23.55 22.13 Feb 24.85 26.38 24.47 Mar 22.46 31.08 18.97 Apr 17.54 23.93 15.01 May 19.78 22.82...


Nigeria’s 2005 Inflation Rate

  Month CPI Urban Rural Jan 9.84 13.99 8.05 Feb 10.94 14.42 9.41 Mar 16.27 13.32 17.67 Apr 17.93 16.49 18.59 May 16.82 19.57...


Nigeria’s 2006 Inflation Rate

  Month CPI Urban Rural Jan 10.71 12.64 9.82 Feb 10.84 15.48 8.73 Mar 12.04 14.76 10.79 Apr 12.56 13.85 11.98 May 10.55 10.21...


Nigeria’s 2012 Inflation Rate

  Month CPI Urban Rural January 12.63 16.40 9.70 February 11.87 13.10 10.90 March 12.11 13.70 11.00 April 12.87 13.40 12.50 May 12.69 14.10...


Nigeria’s 2013 Inflation Rate

  Month CPI Urban Rural Jan 9.03 9.22 9.10 Feb 9.54 9.85 9.50 Mar 8.59 9.25 8.10 Apr 9.05 9.66 8.90 May 8.96 9.40...


Imports Spikes Inflation Rate To Highest In 3 Years

The National Bureau of Statistics has reported that Inflation Rate for the month of December was 9.55% (9.37% in November). This is the highest...


Fuel Scarcity Spikes November Inflation Rate To 9.37%

Fuel Scarcity Spikes November Inflation Rate To 9.37%

Nigeria’s inflation rate for the month of November is 9.37% according to the latest release from the National Bureau of Statistics. This compares to...


September Inflation Rate Jumps To 9.4%

September Inflation Rate Jumps To 9.4%

The National Bureau of Statistics has released its September Inflation report showing inflation rate rose marginally by a 100 basis point to 9.4%. It...


Clothing and footwear spikes Inflation rate to 8.5% in March, highest this year so far

The National Bureau of Statistics (NBS) just released the following inflation date In March, the  Consumer Price Index (CPI) which measures inflation rose by...


Nigeria’s 2014 Core Inflation Rate

  Year All Items less Farm Produce (Year on change %) 2015 Jan 6.65 Feb 7.17 Mar 6.84 Apr 7.51 May 7.69 Jun 8.12...


Our Love For Bread, Cereals, Meat Push Nigerian Inflation Rate 10 Months High….Now 8.2%

Nigeria’s consumer inflation rose for the fourth straight month in June to hit 8.2%, a 10-month high, driven by higher food prices, the statistics...


Oil Curse? Ghana’s Inflation Rate Just Hit 15% (Highest in 4 years)

Reuters reports; Ghana’s annual consumer price inflation rose to a four-year high of 15% in June from 14.8% in May, the West African nation’s...