In October, Inflation Slightly Drops To 11.26% – NBS   The consumer price index which measures inflation decreased by 11.26% (year-on-year) in October2018, the National Bureau of Statistics disclosed in its ‘CPI and inflation report October 2018’ which was released on Wednesday. The statistics revealed that this...

Report Predicts October Inflation Rate To Rise FSDH Research expects the inflation rate (year-on-year) to rise further to 11.34 per cent in October from 11.28 per cent recorded in September. The expected increase in the inflation rate will reflect higher prices observed within the food and...

Foodstuff Prices Fall, Despite Rise In Inflation Despite the recent rise in inflation rate, data show that foodstuff prices have been on the decline. The National Bureau of Statistics (NBS) reported that inflation rate rose to 11.23 per cent in August, up from 11.14 per cent...

How Economy Lost Single Digit Inflation Target The 18-month consecutive fall in inflation rate, had in the last two months, lost momentum in making more significant decline, as food prices, now coupled with assessed harvest failures, worsened outcome. Consequently, the nation’s inflation numbers returned to negative...

MPC: Experts Predict Rise In Inflation, Unchanged Rates   Financial and economic experts have said the Monetary Policy Committee of the Central Bank of Nigeria will likely leave the Monetary Policy Rate, also known as the benchmark interest rate, unchanged at the end of its two-day...

Inflation Rate Faces Risks, Say Emefiele, Others The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the nation may see a reversal of the decline in inflation rate if the risks threatening favourable macroeconomic conditions are not addressed. In a communiqué of...