Inflation rate

INFLATION: Nigeria’s Rate surges to print at 17.71% in May 2022.

The Consumer Price Index (CPI), which measures inflation, rose by 17.71% Year-on-Year (YoY) in May’22. This is 0.89% higher than the rate recorded in Apr’22 (16.82%) but 1.30% lower than May’21 (0.22%). The headline inflation spiraled upward, in line with the...

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%)....

Inflation: Nigeria’s inflation Inches 0.22% Higher in March 2022 to print at 15.92%.

The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Nigerian Bureau of Statistics Friday, 15, April, released the inflation index. From the report, the Consumer Price Index (CPI), which measures inflation rose by 15.92% Year-on-Year (YoY) in Mar. This is...

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...

What Is Monetary Policy?

Ever heard of the term monetary policy? In recent times, the governor of the Central Bank of Nigeria, Godwin Emiefele, and other top executives of the apex bank have been in the news almost every quarter of the year, to...

NIGERIAN’S INFLATION: Headline Inflation Drops to 15.6% in January 2022, Food Inflation increases by 17.13%.

The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation rose by 15.60% Year-on-Year (YoY) in Jan’22. This is 0.03% lower than the rate recorded in Dec’21 (15.63%) and 0.87% lower than Jan’21(16.47%). The...

Nigeria’s Inflation Rate Drops To 15.4% in December 2021.

The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation rose by 15.63% Year-on-Year (YoY) in Dec’21. This is 0.23% higher than the rate recorded in Nov’21 (15.40%) but 0.13% lower than the rate...

Nigeria inflation falls lower to 15.99% in October 2021, compared to previous months.

The Consumer Price Index (CPI), which measures inflation according to the Nigerian Bureau of Statistics rose by 15.99% Year-on-Year (YoY) in Oct’21. This is 0.64% lower than the rate recorded in Sept’21 (16.63%). The headline inflation rate eased for a...

Nigerian Inflation rate, Inflation, September Inflation, African Inflation

NIGERIA’S INFLATION REPORT – SEPTEMBER 2021

The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation rose by 16.63% Year-on-Year (YoY) in Sept’21. This is 0.38% lower than the rate recorded in Aug’21 (17.01%). The headline inflation rate eased for...