Monday, May 20, 2024


March 15, 2024

Nigeria’s inflation rate rose to 31.70% in February: NBS

NBS said that on a year-on-year basis, the headline inflation rate in February 2024 was 9.79 per cent higher than the rate recorded in February 2023, which was 21.91 per cent.

March 6, 2024
Potatoes, Indomie, groundnut oil
January 25, 2024

Rising food prices blamed on bandits, kidnappers

A development economist, Ken Ife, says insecurity has been the major cause of rising food prices.

September 15, 2023

Nigeria’s inflation rate hit 25.80% in August: NBS

According to the report, the figure of 1.72 per cent is higher than the 24.08 per cent recorded in July 2023.

Nigerian Bureau of Statistics (NBS)
June 15, 2023

Nigeria’s inflation hits 22.41% amid increase in food prices

The NBS explained in its report that Nigeria’s annual inflation rate had risen from 22.22 per cent in April to 22.41 per cent in May.

Food stuff (Credit: Ahmed Oluwasanjo/Peoples Gazette)
March 15, 2023

Nigeria’s inflation rate surged to 17-year high 21.91% following cash crisis: Report

In the same line, food inflation increased from 24.32 per cent in January to 24.35 percent in the reviewed month.

Inflation and President Muhammadu Buhari
December 15, 2022

Nigeria inflation rises for 10th consecutive month, hits 21.47 percent in November

The most recent development suggests that Nigeria’s inflation rate has reached its highest point since September 2005, when it was 24.32 per cent.

Inflation in Nigeria
October 17, 2022

Nigeria’s inflation surges higher at 20.77% in September

The increase was 4.14 per cent points higher compared to the rate recorded in September 2021 at 16.63 per cent.

Inflation in Nigeria
September 15, 2022

Nigeria’s inflation hits new high at 20.52% in August

The latest inflation data represents a 0.88 per cent increase from the 19.64 per cent recorded in July 2022.

Inflation graph
September 15, 2021

Nigeria’s inflation drops fifth consecutive month

The National Bureau of Statistics says Nigeria’s inflation has dropped for its fifth consecutive month.

Zainab-Ahmed and CBN