CBN’s Recent”Big” 100bps Rate Hike
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), on Tuesday, concluded its last meeting for 2022. In line with our expectations, the committee increased the monetary policy rate (MPR) by 100bps from 15.5% to 16.50%, representing a fourth consecutive rate... Read More →
Nigeria’s Inflation surges to 20.77% in September
The Consumer Price Index (CPI), which measures inflation, rose by 20.77% Year-on-Year (YoY) in Sept ’22, representing a new all-time high recorded since September 2005. This is 0.25% and 4.14% higher than the rate recorded in Aug ’22 (20.52%) and Sept ’21 (16.63%). The... Read More →
An uptick in the Price of Food and Non-Farm Produce, drive Nigeria’s Inflation Up to 19.64% in July 2022.
The Consumer Price Index (CPI), which measures inflation, rose by 19.64% Year-on-Year (YoY) in Jul’22. This is 1.04% and 2.26% higher than the rate recorded in Jun’22 (18.60%) and Jul’21 (17.38%). The headline inflation spiraled upward, in line with the previous month’s... Read More →
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 →