Tag
INFLATION
Nigeria's historical consumer price index which shows our inflation rate from 2003 till date. The data is updated monthly.
Pressures in the food basket has led to Nigeria's inflation surging high in the past few months.
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 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 to Q4 2019
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 rate of 12.26% recorded in March 2020 and the highest rise since April 2018.
Pension Contributors on the receiving end as devaluation and high inflation rate wipe out what's left of their returns
Data from the National Bureau of Statistics (NBS) reveal that Nigeria’s inflation rate increased by 12.20% (year-on-year) in...