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
Eko Hot Blog reports that Nigeria’s inflation rate increased to 25.80% in August 2023 relative to the July 2023 headline inflation rate which was 24.08%. The August 2023 headline inflation rate shows an increase of 1.72% points when compared to the July 2023 headline inflation rate. EDITOR’S PICKS Here Are Alternative Routes As Third Mainland … 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
The implication is that prices of food rose in the month under review but at a little slower pace than what was recorded in May 2021 Nigeria’s consumer price index (CPI), a measurement of the rate of rate of inflation, has declined to 17.75% in June from 17.93 recorded in May 2021. The ‘Consumer Price … Read more
The latest data by the NBS defy several predictions by economists, projecting a steady increase in inflation Nigeria’s headline inflation has dropped for the first time in 20 consecutive months, recording 18.12 per cent decrease in April year-on-year from 18.17 per cent reported in March. The National Bureau of Statistics (NBS) disclosed this in the … Read more
![NBS, Nigeria’s inflation rate, [JUST IN] Again, Nigeria’s Inflation Rate Rises To 17.33%](https://ekohotblog2.com/wp-content/uploads/2020/01/Inflation.jpg)
The NBS had pegged the inflation rate at 16.47% in January. The Consumer Price Index (CPI) which measures the rate of increase in the price of goods and services, increased to 17.33 per cent in February. This is the highest point since April 2017. According to the CPI/Inflation report released by the National Bureau of … Read more
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The consumer price index, a yardstick used in measuring inflation, in October, hit 14.23 percent, a report by the National Bureau of Statistics (NBS) has shown. According to NBS, inflation rate went up by 0.52 percentage points which is the highest recorded since July 2016 when the inflation rate increased by 0.65 percentage points. Inflation … Read more