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Tag "Consumer Price Index"

EXPLAINER: Prices are going up but inflation rate is dropping — what’s the magic?

    EXPLAINER: Prices are going up but inflation rate is dropping — what’s the magic?

On Monday, the National Bureau of Statistics (NBS) released its monthly inflation report for October 2021. Since NBS released the report, Nigerians have queried if the data is a true

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Inflation hits 11.98% — highest in 19 months

    Inflation hits 11.98% — highest in 19 months

The consumer price index, which measures inflation, stood at 11.98% in December 2019. This is 0.13 percentage points higher than the 11.85% recorded in November. This is the highest point

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Inflation rate stabilises at 9.2%

    Inflation rate stabilises at 9.2%

The consumer price index (CPI) which measures inflation in Nigeria for the month of July stood at 9.2 percent, the same value recorded in June 2015, the Nigerian Bureau of

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Inflation rate up marginally to 7.9% in April

    Inflation rate up marginally to 7.9% in April

The National Bureau of Statistics (NBS) on Thursday said Nigeria’s inflation rate stood at 7.9% in April. The figure, released in Abuja by the Statistician-General of the Federation, Dr Yemi

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