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Nigerian inflation

Nigerian inflation rate declines for 12th consecutive month in January from 15.37% in Dec 2017

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Yemi Kale, Statistician-General of the Federation and Chief Executive, National Bureau of Statistics,

Nigeria’s statistical authority, the National Bureau of Statistics (NBS), Wednesday said inflation rate for the month of January dropped to 15.13 percent from 15.37 percent recorded in December 2017, representing a 12th consecutive monthly decline year-on-year. The Consumer Price Index (CPI) which measures inflation started the year 2018 increasing by 15.13 percent (year-on-year) in January […]

Nigerian inflation slows for 7th month in August to 16.01 percent

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inflation

Annual inflation in Nigeria slowed for a seventh month in August, easing to 16.01 percent, the National Bureau of Statistics (NBS) said Friday. The rate of annual inflation was 0.04 percent lower than in July. “The highest increases were recorded in clothing materials and articles of clothing, garments, passenger transport by air, motorcycles, shoes and […]