Tags : Infaltion rate

Inflation Rate Rises To 15.63% After Eight Month Decline

Nigeria’s inflation rate has risen to 15.36 percent in December 2021, from 15.50 percent recorded in November 2021 after eight months of consistent decline. The Statistician-General of the Federation, Simon Harry, disclosed this during a press briefing at the National Bureau of Statistics, Abuja. Recall that data from the NBS had shown that headline inflation […]Read More

Nigeria’s inflation falls to 16.63%, lowest in eight months

According to the National Bureau of Statistics, the inflation rate in Nigeria declined for the sixth consecutive month to 16.63 percent in September. Its lowest level since January this year. In its Consumer Price Index, NBS said the inflation rate fell by 0.38 percent from 17.01 per cent in August. The drop in headline inflation […]Read More

Nigeria’s Inflation Rate Drops To 17.75%

Nigeria’s inflation rate has fallen by a slight 0.18 percent from 17.93 percent in May to 17.75 percent in June. This is according to the latest data by the National Bureau of Statistics in its Consumer Price Index report for June. Part of the report read, “The consumer price index which measures inflation (rate of […]Read More

Nigeria’s Inflation Rate Drops

Nigeria’s inflation rate has dropped to 17.93 percent in May from 18.12% in April 2021.  This is according to the ‘Consumer Price Index Report’, released by the National Bureau of Statistics. On a month-on-month basis, the headline index increased by 1.01 percent in May 2021. This is 0.04 percentage points higher than the rate recorded […]Read More