Tag Archives: Inflation

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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The Nigerian National Petroleum Company Limited (NNPC Ltd) has increased the price of Premium Motor Spirit (PMS), commonly known as petrol, from N855 to N998 per litre. This price hike, announced on Wednesday, represents a 12.7% increase, or an additional N113 per litre. The increment has been rolled out across all NNPC Ltd filling stations, according to media reports. Meanwhile, …

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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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Consumer Price Index, which measures inflation, has declined for the seventh consecutive month to 16.63 per cent in September.

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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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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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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 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%.

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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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