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Inflation Report

Rising Food and Energy Prices Drive Nigeria’s Inflation to 22.79% in June’23

Headline Inflation Rising prices of food items, occasioned by petrol subsidy removal, among others, have driven the rate of inflation to an all-time high, 22.79% compared with 22.41% in May’23. According to the latest Consumer Price Index (CPI), report by...
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Nigeria’s Inflation Prints at 21.91%, Driven by Naira Scarcity, Price of food items.

The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation, rose by 21.91% Year-on-Year (YoY) in Feb’23, representing the second consecutive acceleration after moderating in December 2022. This is 0.09% higher than the rate recorded in...
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