Tag
INFLATION
Nigeria's historical consumer price index which shows our inflation rate from 2003 till date. The data is updated monthly.
This represents the highest inflation rate recorded in 34 months since January 2018
A roundtrip to Abuja has doubled to about N100k as airlines price devaluation in tickets.
Nigerians spent less on consumption expenditure in the first half of 2020 as Covid-19 hit income
The average fare paid by Nigerian commuters for a bus journey intra-city spiked by 68.82% from N190.86 recorded in October 2019 to N322.22 in October 2020
Food items across markets have experienced a spike in prices, making it impossible for one to find a decent meal for N100 today even in local outlets.
Nigeria's inflation rate rose by 14.23% in October 2020 as against 13.71% recorded in September 2020
Investment banks are storing their value in deflationary currencies like cryptos which can be used to hedge inflation.
Data for September showed that headline inflation in Nigeria rose for the thirteenth consecutive month to a 30-month high.
Nigerian headline inflation rose for the 13th consecutive month to a 30-months high in September 2020.
The market breadth index was positive with 13 gainers against 11 losers.
Nigeria's inflation rate has risen to 13.71% as prices jump in almost every sector.
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