APRIL 2022 INFLATION REPORT – Prices of Bread and Cooking Gas soars High as Nigeria’s Food Inflation hit 18.8%.
The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation, rose by 16.82% Year-on-Year (YoY) in Apr’22. This is 0.90% higher than the rate recorded in Mar’22 (15.92%) but 1.30% lower than Apr’21 (18.12%).... Read More →
Fuel Scarcity Pushes Nigeria’s Inflation Upward to 15.7% in February 2022.
According to the consumer price index report, released by the National Bureau of Statistics (NBS). On Tuesday, Nigeria’s inflation rate changed direction in February as it rose 15.7% from 15.6% recorded in January 2022. This increase represents a 0.1% point... Read More →