Food Prices Soar As Inflation Drops To 17.75%       Prices of food continued to rise as the Consumer Price Index (CPI) which measures inflation (rate of change in the increase in prices) increased by 17.75 percent in June 2021, signifying a 0.18% drop compared to the...

Inflation Reverses 19-month Trend, Drops Marginally To 18.12%       Headline inflation fell to 18.12 percent in April representing 0.05 percent point year-on-year (YoY) decline when compared to 18.17 percent recorded in March. This also represents the first decline in inflation since August 2019 when inflation rate stood...

Nigeria’s Inflation Rises Again, Hit Four-year High February     The consumer price index which measures inflation increased by 17.33 per cent (year-on-year) in February 2021. The National Bureau of Statistics on Tuesday revealed this in its report on Consumer Price Index for the month of February. This marked...

Food Inflation Rises By 20.6% As Price Increases Persist       Increases in the prices of basic food items continued for the 17th consecutive month, prompting the Food inflation to hit 20.6 per cent in January, the highest since September 2019. Consequently, the nation’s annual inflation rate also...

Update: Inflation Rate Hits 16.47% In January, 2021       The National Bureau of Statistics (NBS) on Tuesday disclosed that in January 2021, inflation rate rose to 16.47 per cent. It was 15.75 per in December, which is an indication that the rate soared by 0.72 per cent...

Nigeria’s Inflation Rises to 15.75%         The consumer price index, (CPI), Thursday recorded 15.75 percent increase (year-on-year) in December 2020. In its monthly report released on Friday, the National Bureau of Statistics, NBS said the increase was 0.86 percent points higher than the rate recorded in...