Tag Archives: CPI

By Dayo Emmanuel Despite the Central Bank of Nigeria’s projected inflation figure of 24% to 25% for the Nigerian economy in 2025, an improvement from the average of 34% to 36% earlier projected in 2024, the actual real-time Consumer Price Index (CPI) for the economy in the first half of 2025 has stood at an average of 23.4%. Meanwhile, during …

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Despite a significant decline in Nigeria’s inflation rate to 24.48% year-on-year in January 2025, many Nigerians continue to grapple with the high cost of living, particularly soaring food prices. This marks a notable drop from the 34.80% inflation recorded in December 2024, according to the latest report from the National Bureau of Statistics (NBS). Announcing the figures on Tuesday, the …

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Electricity, housing prices push inflation rate to 18.3% – NBS  The National Bureau of Statistics has said that the Consumer Price Index which measures inflation rate has increased from 17.9 per cent in September to 18.3 per cent in October. The bureau in a report on Monday, attributed the increase in inflation rate to pressures recorded in some sub-index such …

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