Tag
INFLATION
Nigeria's historical consumer price index which shows our inflation rate from 2003 till date. The data is updated monthly.
African countries are poised to see higher inflation levels in 2024 and sustained interest rate tightening owing to the disruption in global trade as a result of attacks on shipping lines by Houthi Rebels in the Red Sea.
Like the dry, dusty Harmattan wind, inflation is blowing across Nigeria, and its chill is felt everywhere.
The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%.
In February 2024, the cost to refill a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) rose to N6,154.50, marking a N1015.25 (19.75%) increase from January 2023's price of N5,139.25.
Major staple food prices across Nigeria increased by double figures month-on-month according to the NBS latest food price watch.
Experts doubt the efficacy of the current economic advisory council in tackling the inflation crisis
The Anambra State governor, Charles Soludo, has said that he has received salary from the state coffers for the past two years as governor of the southeast State.
In February 2024, Nigeria’s headline inflation rate rose to 31.70%, up from 29.90% in January 2024, marking an increase of 1.80%.
Grace, a commuter on a Danfo bus was seen on Sunday, March 10 eating fufu and moin moin, a popular Nigerian bean pudding.
The Central Bank of Nigeria (CBN) has made a substantial contribution to the agricultural sector by donating over 2 million bags of fertilizers, with a total value of N100 billion, through the Federal Ministry of Agriculture and Food Security to farmers.
Ghana's inflation rate for February 2024 dropped to 23.2% for month of February 2024.
The Nigerian real estate market has long been recognized as a lucrative sector for investment and growth.