Tag Archives: Inflation

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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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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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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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 was the eighth consecutive month …

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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 represents the fifth consecutive decline …

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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 the index, which measured inflation …

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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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Vice President, Professor Yemi Osinbajo has confirmed that the country loses 1 million barrels of crude oil per day. Activities of the militants in the Niger Delta region of the country is responsible for the loss which is costing the challenged economy about $43m daily. Osinbajo who spoke at the maiden quarterly business forum organised by members of the organised …

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