Nigeria’s headline inflation rate rose to 34.60% in November 2024, up from 33.88% in October, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). EKO HOT BLOG reports that November figure represents a 0.72 percentage point increase from the previous month. On a year-on-year basis, the headline inflation … Read more
Rising Food Costs Plague Nigerian States Economic Hardship Deepens Across the Nation NBS Report Unveils Shocking Disparities Eko Hot Blog reports that the latest National Bureau of Statistics report has unveiled a grim reality. “The situation is dire, and families are struggling to put food on the table,” a government official stated. Editor’s Pick Admiring … Read more
Nigeria’s trajectory took an unprecedented turn with President Bola Ahmed Tinubu’s bold declaration shortly after his May 29, 2023, inauguration that the fuel subsidy was to be abolished. Even as the inauguration festivities at Abuja’s Eagle Square drew to a close, the reverberations of this statement were felt across the nation’s fuel stations. Oil marketers … Read more
Nigeria’s inflation increased further to 21.09% in October 2022. EKO HOT BLOG reports that Nigeria’s inflation rate jumped to a 17-year high of 21.09% in October 2022, representing a 0.32% point increase from the 20.77% recorded last month. This is coming as food inflation in October 2022 increased to 23.72% from 18.34% in the corresponding … Read more
Nigeria’s inflation rate has soared to 20.77% amid a disruption in the supply of food products. Eko Hot Blog reports that the Consumer Price Index (CPI), which measures the rate of change in prices of goods and services, rose to 20.77 percent in September 2022, up from 20.52 percent in August. EDITOR’S PICKS 2023: Tinubu, … Read more
![[JUST IN] Again, Nigeria’s Inflation Rate Rises To 17.33%](https://ekohotblog2.com/wp-content/uploads/2021/01/images-2-2.jpeg)
Core inflation, which excludes the prices of agricultural items, stood at 11.85 percent in January 2021 The National Bureau of Statistics (NBS) on Tuesday revealed that Consumer Price Index (CPI) which measures inflation has increased by 16.47% in January 2021. This is the highest since April 2017. The report also shows that food prices, food … Read more
Nigeria’s inflation rate increased for the seventh straight month to 12.26 percent in March, the highest in 23 months from 12.2 percent recorded in February. The Nigeria Bureau of Statistics, NBS, on Tuesday said that the consumer prices rose in its Consumer Price Index Report for March 2020. The inflation which rose from 11 per … Read more