Tag
INFLATION
Nigeria's historical consumer price index which shows our inflation rate from 2003 till date. The data is updated monthly.
The Bank of Ghana has cut interest rates by 200 basis points from 29% to 27% as inflation...
The headline inflation rate in August 2024 stood at 32.15%, marking a slight decrease of 1.25%-points from 33.40% in July 2024, according to the National Bureau of Statistics (NBS).
Nigeria’s headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July 2024, reflecting a decrease of 1.25 percentage points.
The Group Managing Director of United African Company (UAC), Fola Aiyesimoju has stated that the company has had to increase prices by on average 75% to 100% to sustain profit margins.
Nigerian businesses are facing unprecedented challenges in maintaining profitability and securing capital due to soaring inflation and escalating interest rates.
The Federal Competition and Consumer Protection Commission (FCCPC) has said that some traders forming cartels in markets across the country are behind the astronomical increase in prices of food items.
Tile makers are reporting a growing demand for made in Nigeria tiles but there are growing concerns about price over safety.
The cost of living in Nigeria is high but moderating, with July 2024 Consumer Price Index (CPI) data showing a decrease in inflation rates across both all items and food.
The average cost of a healthy diet in Nigeria rose to an all-time high at N1,265 in July 2024 according to data from the National Bureau of Statistics ((NBS).
The Federal Competition and Consumer Protection Commission (FCCPC) has granted a one-month moratorium to traders and other market stakeholders involved in exploitative pricing, urging them to reduce the prices of goods.
The once-booming telecommunications sector in Nigeria has continued its downward spiral with a continuous decline in the Gross Domestic Product (GDP) growth rate over the last one year.
In Nigeria, small business owners are facing unprecedented challenges. The harsh economic realities of the past year have put immense strain on entrepreneurs, from boutique owners to domestic appliance sellers.