Indications that the lingering cash crunch didn’t really affect the general price level in Nigeria emerged on Tuesday as the National Bureau of Statistics (NBS) reported that the nation’s headline inflation rate still surged to 21.91% in February compared to the 21.82% rate reported in January 2023. The Bureau, in its ‘Consumer Price Index February […]
The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, reported on Monday that the nation’s Consumer Price Index (CPI), which measures inflation rate, surged to 20.77 percent in September year-on-year (Y-o-Y), representing the highest rate in the past 17 years. The statistics agency, in its latest Consumer Price Index (CPI) September […]
…..as Kwara displaces Kogi as state with highest food index Nigeria’s consumer price index (CPI), which measures the rate of change in prices of goods and services in the economy, rose to a five-year record high, surging from 17.71 per cent in May to 18.60 percent in June 2022. The National Bureau of Statistics (NBS) […]
Nigeria’s Consumer Price Index (CPI), which measures inflation, dropped further to 16.63% in September 2021 from 17.01% recorded in the preceding month, representing the seventh consecutive month of decline in general price level in the country,. The Statistician General of the Federation, Dr. Simon Harry, gave the hints on the inflation trend as captured by […]
Nigeria’s consumer price index, (CPI), which measures inflation, increased by 17.38 percent year-on-year in July 2021, representing 0.37 percent points lower than the 17.75 percent rate recorded in the preceding month. The July rate implies that prices continued to rise during the month but at a slower rise than it did in June 2021 The […]
The National Bureau of Statistics (NBS) has reported a slight decrease in Nigeria’s Consumer Price Index (CPI), which measures the general price level (inflation) in the economy, from 18.17 percent rate recorded year-on-year in March to 18.12 percent in April 2021. The NBS stated that the drop represented 0.05 per cent points lower than the […]
The National Bureau of Statistics (NBS) on Friday reported that Nigeria’s consumer price index, (CPI) which measures inflation, increased by 15.75 percent (year-on-year) in December 2020, representing 0.86 percent points higher than the (14.89) percent rate recorded in the preceding month. The rate, which is the highest to be recorded in the past 35 months, […]
The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria’s Consumer Price Index (CPI), which measures inflation rate, dipped to 11.25 per cent (year-on-year) in March, representing 0.06 per cent points lower than the rate recorded in February. The Bureau in its “CPI and Inflation Report’’ stated that increases were recorded in all Classification […]
Nigeria’s Consumer Price Index (CPI) decreased by 11.26 percent year-on-year in October 2018, representing 0.02 percent points lower than the 11.28 percent rate recorded in the preceding month. The CPI measures the average change over time in prices of goods and services consumed by people for day-to-day living, that is, it measures the inflation rate […]
The National Bureau of Statistics (NBS) on Friday reported that Nigeria’s Consumer Price Index, (CPI), which measures inflation, increased by 11.23 percent (year-on-year) in August 2018. The latest index represented 0.09 percent points higher than the 11.14 percent rate recorded in July 2018 and also the first year-on-year rise in headline inflation following eighteenth consecutive […]