Statistician General of the Federation/CEO NBS – Prince Adeyemi Adeniran

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Nigeria’s Inflation Rate Hits 22.2% In April, 17-Year High

Nigeria’s headline inflation rate rose to 22.22% in April 2023, representing 0.18% points higher than the 22.04% recorded in the preceding month. According to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS) published on Monday, the inflation rate in April indicates that the CPI has increased for the fourth consecutive […]

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Nigeria’s Inflation Up 17.71% In May, Highest In 11 Months

….. as Kogi State recorded the highest food inflation of 22.79% The National Bureau of Statistics (NBS) reported on Wednesday that Nigeria’s consumer price index (CPI), which measures the rate of inflation, surged to 17.71 percent year-on-year (Y-o-Y) in May from the 16.82 percent recorded in the preceding month, representing the highest level in 11 […]