The Peoples Democratic Party (PDP); and Labour Party (LP), have tackled the Federal Government and the ruling All Progressives Congress (APC), as costs of food items, others pushed inflation to an 18-year high of 26.72 per cent in September. The Presidency and APC kept sealed lips on the attacks with the National Bureau of Statistics, […]
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National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate is now at 19.64 percent. The latest report by the consumer price index (CPI), which measures the rate of change in prices of goods and services, shows that inflation surged to 19.64 percent in July 2022, up from 18.60 percent in June. 19.64 percent is […]
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Inflation rose in March in Nigeria to its highest level in 23 months, data released by the National Bureau of Statistics (NBS) on Tuesday has shown. Nigeria’s annual inflation rose for a seventh straight month, as border closures and lockdown of the country occassioned by the coronavirus pandemic pushed prices higher. The bureau’s Consumer Price […]
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Kingsley Moghalu, presidential candidate of the Young Progressives Party (YPP), says there will be “massive” inflation if a minimum wage of over N30,000 is approved. Organised labour is agitating for an increment of the present N18,000 minimum wage to N30,000, and a proposal to the effect has been submitted to President Muhammadu Buhari. Commenting on the development […]
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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, has released a report on the Consumer Price Index (CPI) for April, 2018. According to this report, inflation increased by 12.48 percent (year-on-year) in April 2018, this is 0.86 percent points less than the rate recorded in March 2018 (13.34) percent and represents the fifteenth consecutive disinflation since January […]
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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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Nigeria’s inflation rate has again dropped from 16.01 percent in August to 15,98 per cent in September, figures from the National Bureau of Statistics, NBS, shows. A report by NBS released on Tuesday in Abuja, showed that the drop in Nigeria’s rate of inflation in September was the eight consecutive month that the index would […]
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