National Wire About Nigerians, Nigerian Business and Other Stories
Hard Times Ahead: Nigeria’s Inflation Hits 18.6% In June
Nigeria’s inflation rate in the month of June 2022 increased to 18.60 percent on a year-on-year basis.
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Tag Archives: Inflation
Nigeria’s Inflation Falls To 16.63% In September
Consumer Price Index, which measures inflation, has declined for the seventh consecutive month to 16.63 per cent in September.
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Inflation, Devaluation Eroding N30,000 Minimum Wage, TUC, Others Lament
Stakeholders, including the Trade Union Congress of Nigeria, the Nigeria Labour Congress, have expressed concerns over the continued refusal of some states to pay the N30,000 minimum wage amid the rising cost of living in the country.ntinued refusal of some states to pay the N30,000 minimum wage amid the rising cost of living in the country.
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Inflation Rises To 11.98%
The Consumer Price Index, (CPI) which measures inflation further increased to 11.98 percent (year-on-year) in December compared to 11.85 per cent in the preceding month, according to the National Bureau of Statistics (NBS).
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Inflation Declines Further To 11.02% On Weak Consumer Demand
The Consumer Price Index (CPI) which measures inflation maintained a downward trajectory to 11.02 per cent (year-on-year) in August compared to 11.08 per cent in July, according to the National Bureau of Statistics (NBS).
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Nigeria’s Inflation Rises For The First Time After 18-Month Decline
Nigeria’s inflation has risen for the first since it started its decline in January 2017. This is according to the latest inflation report published by the National Bureau of Statistics on Friday. Advertisement According to the report, the rate at which prices of goods and services increased in August rose to 11.23% from 11.14%.
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Nigeria’s Headline Inflation Rate Extends Deceleration To 11.23 Percent In June
The National Bureau of Statistics (NBS) just published June 2018 inflation report, showing that Nigeria’s headline consumer price index extended deceleration which started in 2017 to the seventeenth consecutive month. Headline inflation was 11.23 percent year on year in June, moderating from 11.61 percent year on year in May. The data came in 33 bps and 27 bps ahead of …
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In Nigeria Inflation Declines Further to 11.61% As US Hikes Interest Rate
For the 16th month, inflation rate continued a downward trajectory, declining from 12.48 per cent in April to 11.61 per cent in May. This is just as the US Federal Reserve Wednesday hiked its benchmark short-term interest rate a quarter percentage point and indicated that two more increases are likely this year. The Fed pushed interest rate to a range …
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Inflation Rate Drops To 15.37% In December – NBS
The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation with the rate dropping from 15.9 per cent in November to 15.37 per cent in December. The drop of 0.53 percent points recorded in December makes it the eleventh consecutive slowdown in the inflation rate. The report said the Urban inflation rate rose by 15.78 …
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Inflation Records Marginal Drop in November, Now 15.90%
For the tenth consecutive month, inflation rate continued a downward trajectory, recording a marginal decline from 15.91 per cent in October to 15.90 per cent in November. The National Bureau of Statistics (NBS) stated that the Consumer Price Index (CPI), which measures inflation increased by 15.90 per cent (year-on-year) in November, 0.01 percentage points lower than the rate recorded in …
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