Nigeria inflation Archives

Inflation Pushes 5m Into Poverty, Wage Value Down 35%

December 16, 2022 0

The World Bank has said that Nigeria is in a worsening situation, with economic performance becoming weaker as inflation persists.

September Inflation Rate Hits 13.71%– Highest Since March 2018

October 15, 2020 0

The consumer price index which measures inflation increased by 13.71 percent year-on-year in September 2020. This is 0.49 percent points higher than the rate recorded in August 2020-13.22 percent.

Nigeria’s Inflation Hits 13.22%, Records Highest Monthly Increase In 2020

September 15, 2020 0

The nation’s inflation rate has recorded its biggest increase so far this year, rising to 13.22 per cent in August, the National Bureau of Statistics said on Tuesday.