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Tag "Consumer Price Index"

Nigeria’s inflation rate hits 33.2% as food prices soar

    Nigeria’s inflation rate hits 33.2% as food prices soar

Nigeria’s inflation rate rose to 33.20 percent in Mach 2024 — up from 31.70 percent in February. The National Bureau of Statistics (NBS) disclosed this in its consumer price index

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Nigeria’s inflation index severely outdated, says IMF

    Nigeria’s inflation index severely outdated, says IMF

The International Monetary Fund (IMF) says the weights used by the National Bureau of Statistics (NBS) to calculate the monthly consumer price index (CPI) are “severely outdated”. The CPI is

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Nigeria’s inflation rate rises to 21.09% amid soaring food prices

    Nigeria’s inflation rate rises to 21.09% amid soaring food prices

The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 21.09 percent in October 2022, up from 20.77 percent in the

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Nigeria’s inflation rate hits 15.92% — highest level since October 2021

    Nigeria’s inflation rate hits 15.92% — highest level since October 2021

The consumer price index, which measures the rate of increase in the price of goods and services, climbed to 15.92 per cent in March 2022, amid rising food and gas

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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

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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

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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

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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

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