The rate at which the prices of good and services are increasing is on the rise, the National Bureau of Statistics says. NBS, in a data made available on Monday showed that month-on-month inflation rose from 1.09 percentage points in May to 1.24 percentage points in June. However, year-on-year inflation slowed from 11.61 percentage points […]
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Nigeria’s inflation has dropped to 11.61% in May, a figure that is already below the federal government’s projection of 12.42% set in the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy Paper. This is the 16th straight month of decline in inflation. Food inflation declined to 13.45% from 14.80% in April. According to the Consumer […]
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The National Bureau of Statistics (NBS) says the inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.13 per cent in January from 15.37 per cent recorded in December, 2017, The NBS disclosed this in its CPI report for January 2018 released on Wednesday in Abuja. The Consumer Price Index (CPI), […]
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The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped from 15.98 recorded in September to 15.91 per cent in October. The NBS disclosed this in its “CPI Oct. 2017 Report’’ released on Wednesday in Abuja. The CPI, which measured inflation, increased by 15.91 per cent […]
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The National Bureau of Statistics (NBS) says that the country’s inflation dropped to 16.25 per cent in May from 17.24 per cent in April. The NBS made this known in its “Consumer Price Index (CPI) May 2017’’ report released on Thursday in Abuja. According to the bureau, this is the fourth consecutive decline in the […]
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