Nigeria’s Inflation rate has risen to 21.91% amid the Naira crisis. This was disclosed in a recent Consumer Price Index report by the National Bureau of Statistics on Wednesday. The inflation rate rose to 21.91%, compared to January 2023 inflation rate which was 21.82%. EKO HOT BLOG reports that amid the uncertainties being faced by … Read more
FG has given reasons for the high cost of food items in the country. EKO HOT BLOG reports that the Federal Government has blamed the high cost of food in Nigeria on rising inflation and smuggling. The Minister of Agriculture, Mohammad Abubakar, said this while speaking in Abuja at the Fifth edition of the President … 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
![[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
Ekohotblog understands that the fresh data from the National Bureau of Statistics revealed that the inflation for the month of October has risen by 0.36 basis points year on year to 11.61 percent. The composite food index rose by 14.09 percent in October compared to 13.51 percent recorded in September due to increases in prices … Read more