The Statistician-General and Chief Executive of the National Bureau of Statistics (NBS), Mr. Semiu Adeniran, announced that the bureau has completed plans to rebase the country's Gross Domestic Product (GDP) and Consumer Price Index (CPI) in November this year. 

NBS: Nigeria’s Inflation Jumps to 28.20% in November Inflation surged to 28.20 per cent in November from 27.33 per cent in October, underscoring a worsening cost of living crisis in the country. In its new ‘Consumer Price Index: November 2023’ released on Friday, the National Bureau...

Why June Inflation Figure Drop Below Expectation – NBS   The National Bureau of Statistics (NBS) has stated that the inflation figure released for the month of June did not reflect the anticipated rise by experts as the market survey used to calculate the indices stopped...

JUST IN: Nigeria's Inflation Rate Rises to 22.04 Percent   The consumer price index (CPI), which measures inflation - the rate of change in prices of goods and services - rose to 22.04 percent in March 2023. The inflation rate rose from 21.91 percent in the previous...

Nigeria's Inflation Rate Hits 14.89%         The Consumer Price Index (CPI), which measures inflation, increased by 14.89 per cent (year-on-year) in November compared to 14.23 per cent in the preceding month, according to the National Bureau of Statistics (NBS). The NBS attributed the 0.66 percentage increase in...