The National Bureau of Statistics (NBS) says the inflation rate dropped from 16.1 per cent in June to 16.05 per cent in the month of July. The NBS disclosed this on Monday with the released the Consumer Price Index which measures inflation rate of the country. It said the index dropped marginally adding that this […]
Read More The National Bureau of Statistics, today released the Consumer Price Index which measures inflation with the index dropping from 16.25 per cent in May to 16.1 per cent as at the end of June. The bureau in the report made available to our correspondent in Abuja said this is the fifth consecutive decline in inflation […]
Read More
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the bank was targeting an inflation rate of between 10-11 per at the end of this year. He spoke, in Abuja, Tuesady at a meeting with the Senate Committee on Banking on the high interest rates in the Nigerian banking […]
Read More
Economic experts, Dr Obadiah Mailafia, has said the latest 17.24 per cent inflation figures indicated a marginal reduction in prices of goods and services. Mailafia, a former Deputy Governor of CBN, told the News Agency of Nigeria (NAN) on Thursday in Abuja that the figures indicated that the rate of inflation was gradually coming down. […]
Read More Latest reports from the National Bureau of Statistics (NBS) released yesterday in Abuja has revealed that Nigeria’s inflation rate further declined by 0.02 per cent point from 17.26 per cent recorded in March to 17.24 per cent in April 2017. According to the NBS, this is the third consecutive month of a decline in the […]
Read More National Bureau of Statistics (NBS) on Thursday said that inflation dropped by 0.52 per cent in March, the second decline recorded on the year- on- year basis. The first decline was recorded in February when inflation dropped by 0.94 per cent. In its latest Consumer Price Index (CPI) for March released in Abuja, the bureau […]
Read More
U.S. consumer spending barely rose in February amid delays in the payment of income tax refunds, but the biggest annual increase in inflation in nearly five years supported expectations of further interest rate hikes this year. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, edged […]
Read More National Bureau of Statistics (NBS) on Tuesday said that inflation dropped by 0.94 per cent in February, the first time in 15 months. In its latest Consumer Price Index (CPI) for February released in Abuja, the bureau stated that the index, which measured inflation increased by 17.78 per cent year-on-year. It, however, stated that the […]
Read More The rate at which inflation edges up in the country has gone beyond the Central Bank of Nigeria’s (CBN’s) control, Head of Research, Nigerian Economic Summit Group (NESG), Mr. Olusegun Omisakin, has said. Speaking in Lagos, Omisakin said the rising inflation had defied CBN’s monetary policy measures, adding that policy tools adopted by the apex […]
Read More National Bureau of Statistics on Friday published the Consumer Price Index, which measures inflation, with the index rising by 18.55 per cent in the month of December. According to report provided to correspondent in Abuja, the 18.55 per cent was an increase of 0.07 percentage points over the 18.48 per cent recorded in November 2016. […]
Read More The country hope that inflation rate would be in the right order as various intervention programme which the Federal Government government has put in place would do the magic was on Monday shattered as the National Bureau of Statistics on Monday announced that the Consumer Price Index, which measures inflation rate, rose to a 94-month high of […]
Read More In September, the Consumer Price Index, which measures inflation across the country, increased by 17.9 per cent year-on-year, up from the 17.6 per cent recorded the previous month. According to the National Bureau of Statistics, energy and energy-related prices continue to be the largest increases reflected in the core sub-index. It stated that in September, […]
Read More
