The National Bureau of Statistics (NBS) is set to release its much-anticipated Consumer Price Index (CPI) rebasing report today, revealing an average inflation rate of 24.48% over the past year. According to sources and independent […]
Nigeria’s inflation rate has risen for the fourth consecutive month, climbing to 34.80% in December from 34.60% in November, according to the latest data from the National Bureau of Statistics (NBS) released on Wednesday. The […]
Nigeria’s headline inflation rate surged to 34.60% in November 2024, according to the latest data released by the National Bureau of Statistics (NBS). This marks an increase of 0.72 percentage points from the 33.88% recorded […]
Nigeria’s headline inflation rate has reached 33.88% in October 2024, reflecting a sharp rise of 1.18% from the 32.70% recorded in September 2024, according to the latest Consumer Price Index (CPI) and Inflation Report released […]
In a significant move to manage inflation and stabilize the economy, the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 50 basis points, increasing it from 26.75% to 27.25%. During […]
Egypt’s statistics agency issued figures on Wednesday showing that the country’s urban inflation rate fell for the fourth consecutive month in June, from 28.1% in May to 27.5%. With the implementation of a flexible exchange […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 150 basis points, from 24.75% to 26.25%. This decision is part of ongoing efforts to achieve […]
The National Bureau of Statistics (NBS) has released its latest data, revealing that Nigeria’s inflation rate surged to 33.69% in April 2024, up from 33.20% in March 2024. This 0.49% increase marks a continued upward […]
On Monday, April 15, the National Bureau of Statistics (NBS) reported that the rate of inflation grew from 31.70% in February 2024 to 33.20% in March of the same year. According to the Bureau in […]
Analysts have offered explanations for why the Consumer Price Index (CPI), which measures inflation, will rise to roughly 32.15 percent from 31.7 percent in February a 29-year high ahead of the release of March 2024 […]
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