Tag
INFLATION
Nigeria's historical consumer price index which shows our inflation rate from 2003 till date. The data is updated monthly.
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.
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in inflation as anticipated by analysts.
In addition to the inflation challenges the country is facing, Nigerian workers have been significantly underpaid.
Understanding inflation is key to effective financial planning and economic decisions.
On Monday, June 3, 2024, the Nigerian Labour Congress (NLC) will be embarking on a Nationwide strike.
Nigeria’s Stanbic Purchasing Managers’ Index (PMI) rose to 52.1 in May on the back of improvements in business conditions as growth in output and new orders rose above April levels.
Nigerian brewer, International Breweries, has announced price reviews of its Trophy, malt and lager products beginning from the 1st of June, 2024.
The Centre for the Promotion of Public Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to slow down on monetary policy tightening ahead of its Monetary Policy Committee (MPC) meeting this month, stating that businesses are yet to recover from the hawkish monetary policy stance in the last two months.
In April 2024, the headline inflation rate rose to 33.69%, up from 33.20% in March 2024, marking an increase of 0.49 percentage points according to the Nigeria Bureau of Statistics (NBS).
Inflation rate in Ghana slows to 25% in April as food inflation decline to 26.8%.
This amount spent represents 46.36% of the total cost of sales of N514.349 trillion recorded by the cement firms during the period under review.
https://www.youtube.com/watch?v=VwKvlRnayps In the past year, the cost of food items, especially staple foods, has seen a significant surge,...