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 […]

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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 […]

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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 […]

Inflation drops for eighth consecutive months to 15.98%

The National Bureau of Statistics has released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.01 per cent in August to 15.98 per cent in September. In the report that was released on Tuesday in Abuja, the bureau explained that the drop in Nigeria’s rate of inflation in September […]

‘Nigerian inflation ‘falls for fifth straight month’

The Nigerian economy is gradually coming out of recession, with the annual inflation falling in June for the fifth straight month, the National Bureau of Statistics said Monday. The bureau said inflation, measured by the Consumer Price Index, fell to 16.10 per cent, lower than 16.25 per cent rate recorded in May. “The latest index […]

Inflation declines by 0.52 % in March

The National Bureau of Statistics on Thursday, said that inflation dropped by 0.52 percent in March, the second decline recorded on the year- on- year basis. The first decline was recorded in February when inflation dropped by 0.94 per cent. In its latest Consumer Price Index for March released in Abuja, the bureau stated that […]

Electricity, housing prices push inflation rate to 18.3% – NBS

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 […]