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... Read More →
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 →