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).
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. According to the report, the rate at which prices of goods and services increased in August rose to 11.23% from 11.14%.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 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 […]