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...

Inflation: Experts Blame High Rate On Insecurity         Despite the opening of the country’s borders, the composite food index rose by 20.57 per cent in January 2021 from 19.56 per cent in December 2020. This accounted for the bulk of the country’s inflation rate which rose from...

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...

Inflation, Economic Recovery Top Agenda As MPC Meets         As the Monetary Policy Committee of the Central Bank of Nigeria (CBN) meets today to commence its two-day meeting, the deliberation is expected to be centered around how to tame inflationary pressure in the country and measures...

Rising Inflation May Push CBN To Hike Interest Rates         The Central Bank of Nigeria (CBN) may be forced to adjust its hold-down position and increase benchmark interest rate as inflation surged by its largest rise in eight years to 15.75 per cent. Most analysts said they...

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...