Highest increases were recorded in prices of Passenger transport by air, Hospital services, Medical services, Pharmaceutical products and others.
The US dollar is weaker as traders placed a very dovish spin of the Fed shift to inflation targeting.
The U.S Fed Reserve strategy now permits inflation to rise above its 2% target.
Nigeria’s inflation rate rose by 12.82% (year-on-year) in July, compared to 12.56% recorded in June 2020. This is the highest rate recorded in 27 months since...
The Food index was up 14bps to 15.18%, the highest level since March 2018.
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.
Nigeria’s Gross Domestic Product (GDP) grew by 1.87%(year-on-year) in real terms, representing a drop of 0.23% points compared to Q1 2019 and 0.68% points decline compared...
Data from the National Bureau of Statistics (NBS) reveal that Nigeria’s inflation rate increased by 12.34% (year-on-year) in April 2020. This is 0.08% higher than the...
Pension Contributors on the receiving end as devaluation and high inflation rate wipe out what's left of their returns