Tag
INFLATION
Nigeria's historical consumer price index which shows our inflation rate from 2003 till date. The data is updated monthly.
UN Climate Chief. Simon Stiell, has raised awareness of the economic impact of the climate crisis, warning that climate-related disasters are increasingly driving up living costs for households and businesses worldwide.
A new report by the Nigeria Economic Summit Group (NESG) in partnership with Stanbic IBTC reveals that businesses continue to be strained by economic challenges such as high inflation and interest rate coupled with instability of the Naira in the foreign exchange market.
Rice mills in the Northern part of the country have been shutting down on the back of increase in production cost as well as the halt of intervention finance in the last 18 months.
Nigerian Breweries Plc has posted its financial statement for the first nine months of the year, recording a 159.7% increase in its pre-tax losses compared to the same period last year.
The World Bank has listed a series of macroeconomic policy missteps executed by fiscal and monetary authorities between 2015 and 2023 that pushed Nigeria’s inflation to a 28-year high.
The Poultry Association of Nigeria (PAN) Lagos State chapter, along with key players in the sector, has expressed concern over the rising cost of raw materials for egg production, which continues to drive up the price of eggs.
Nigeria's headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024.
Not less than 71.4% of Nigerians are calling for a reduction in interest rates amid growing concerns about inflation and economic hardship.
The last figures I saw showed inflation, particularly food inflation, inching close to 40%, while other headline inflation rates were averaging in the late 30s.
Economic reforms and rising inflation are exerting considerable pressure on Nigeria’s healthcare sector, prompting experts to advocate for new business models to ensure the industry's long-term sustainability.
The Bank of Industry (BOI) has today announced the launch of a mobile app to check live food prices across 8 states in the country.
Inflationary pressures continue to hit Nigerian businesses as up to 49% of business in the country reported increasing prices of products and services in the past month September.