The National Bureau of statistics (NBS), says the Consumer Price Index (CPI), which measured inflation increased to 11.28 per cent (year-on-year) in November from 11.26 per cent recorded in October. The NBS disclosed this in its “CPI and Inflation Report’’ for November released in Abuja on Friday. According to the bureau, the figure is 0.02 […]
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The consumer price index which measures inflation decreased by 11.26 per cent (year-on-year) in October 2018, the National Bureau of Statistics disclosed in its ‘CPI and inflation report October 2018’ which was released on Wednesday. The statistics revealed that this was a 0.02 per cent points lower than the rate recorded in September 2018 (11.28 […]
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Nigeria’s inflation rate has been projected to rise for the third consecutive month in October, driven by continued increase in food prices, occasioned by herdsmen attack on farmers and recent episodes of flooding which undermine food supply across the country. This was the consensus of analysts’ projections from FSDH Merchant Bank and Financial Derivatives Company […]
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The rate of inflation in Nigeria will increase further in coming months if the shortage of food caused by severe flooding in about 14 states is not adequately addressed by the Federal Government. According to the November 2018 bi-monthly report of the Financial Derivatives Company, a renowned economic think tank, the intense flood, particularly in […]
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The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation with the index dropping by 0.09 per cent points from 11.23 per cent in June to 11.14 per cent in July. The bureau in the report said this is the 18th consecutive decline in headline index. The report reads in […]
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Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades, which could impact the pace at which the Federal Reserve raises interest rates next year. Inflation has moderated for much of this year, leading to concern among some Fed officials that […]
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Research analysts at FSDH Merchant Bank Limited have forecasted a marginal decline in the headline inflation rate for the month of October 2017 to 15.91 percent against 15.98 percent recorded in preceding month. This is against the backdrop of slow increase in the prices of food and non-food items recorded in the month of October. […]
Read More Nigeria’s Central Bank Governor Godwin Emefiele said on Friday he expected inflation rate to fall at a faster pace and hit high single digit rates mid-next year. “We are very optimistic that food prices will come down and as they come down, it will help to complement the reduction in core inflation,” Emefiele told journalists […]
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LAGOS (Reuters) – Annual inflation in Nigeria slowed for an eighth month in September, easing to 15.98 percent, the National Bureau of Statistics (NBS) said on Tuesday. The rate of annual inflation was 0.03 percent percentage points lower than the rate in August. A separate food price index showed inflation at 20.32 percent in September, […]
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The International Monetary Fund has said it expects inflation in Nigeria and Angola to remain elevated at two-digit levels next year. The IMF said this would reflect the persistent effects of past inflationary shocks coming from sharp currency depreciations as well as higher electricity and fuel prices and, “in the case of Nigeria, reflecting the […]
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Nigeria’s high rate of inflation is making a grievous impact on its aviation sector with the number of passengers declining by 456,135 between January and June this year. An analysis of a new report on the sector prepared by the National Bureau of Statistics and obtained by correspondent on Friday showed that the passenger traffic […]
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The Nigeria’s National Bureau of Statistics on Friday released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.05 per cent in July to 16.01 per cent in August. The bureau, in the report, which was made available to correspondent, said August was the seventh consecutive month that the index […]
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