Rising Food and Energy Prices Drive Nigeria’s Inflation to 22.79% in June’23
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Date18 Jul 2023
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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... Read More →
INFLATION: Rise in Food Prices Pushes Nigeria’s Inflation to 22.41% in May 2023.
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Date15 Jun 2023
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The Nigeria Bureau of Statistics (MBS) says that the headline inflation rate for Nigeria in May increased to 22.41% relative to the April 2023 figure of 22.22%. This was contained in the report released by the statistics office on Thursday,... Read More →
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... Read More →