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Tag: Inflation Rate in Nigeria

inflation

NIGERIA – Inflation rate drops for the first time in 15months

March 14, 2017Ayo Olowo

Happy days are creeping into Nigeria once again as  inflation rate bucked the trend in February to fall to 17.78 percent. It is the lowest level in 15 months and  driven by a slower rise in general price levels, the National Bureau of Statistics said on Tuesday. Inflation had risen to 18.72 percent in January, […]

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NIGERIA – inflation rate hits 18.72 % in January

February 15, 2017Ayo Olowo

The National Bureau of Statistics (NBS), says Consumer Price Index (CPI), which measures inflation increased by 18.72 per cent (year-on-year) in January from 18.55 per cent recorded in December, 2016. The CPI, which measures the average change over time in prices of goods and services consumed by people for day to-day living is 0.17 per […]

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