LCCI Concerned Over Rising Inflation, Debt Sustainability       As the country awaits a higher inflation rate for March due for release today,, the Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns about the persistent increase in domestic prices. It noted that continual rise in...

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...

LCCI Projects Higher February Inflation       The Lagos Chamber of Commerce and Industry (LCCI) has projected an increase within the range of one per cent in the headline inflation index for last month. The LCCI made this known in a report entitled: “Spiraling Inflation: Cost implications for...

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...