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Consumer Price Index

Nigeria’s inflation drops to 11.61 % in May

The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation for May, decreased to 11.61 per cent (year-on-year) from 13.34 per cent recorded in April.

NBS: Inflation dropped to 12.48% in April

The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation, with the index dropping from 13.34 per cent in March to 12.48 per cent in April.

World Bank reviews Nigeria’s economic growth downwards

The World Bank has effected a massive cut in its projections for Nigeria’s economic growth rate for 2018 to 2.1 percent, down from 2.5 percent and 1.9 percent for 2019, down from 2.8 percent.

Inflation: Statistician cautions politicians, government against reckless spending

A statistician, Dr Olusanya Olubusoye, has advised politicians and government at all levels against reckless fiscal spending to prevent inflation ahead of the 2019 elections.

NBS: Inflation rate drops to 13.34 percent in March

The National Bureau of Statistics on Thursday said the country’s Consumer Price Index which measures inflation rose by 13.34 per cent (year-on-year) in March 2018.

Inflation declines for 12th consecutive month to 15.13%

For the twelfth consecutive month, inflation rate has continued a downward trajectory, recording a slowdown from 15.37 per cent in December 2017 to 15.13 per cent in January 2018, a 0.24 percentage points decrease.

Inflation rate drops to 15.13 percent – NBS

The National Bureau of Statistics (NBS) says the inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.13 per cent in January from 15.37 per cent recorded in December, 2017,

Inflation: Food prices are dropping – NBS

Food prices recorded a major decline in December, the latest Consumer Price Index report released by the National Bureau of Statistics (NBS) on Tuesday has shown.

Inflation records marginal drop to 15.90 percent in November

For the tenth consecutive month, inflation rate continued a downward trajectory, recording a marginal decline from 15.91 per cent in October to 15.90 per cent in November.

Central bank ‘on course’ to meet single digit inflation rate next year – Godwin...

The Central Bank of Nigeria, CBN, is on course to realise its target of bringing the country’s inflation rate down to single digits by next year, its governor, Godwin Emefiele, said on Wednesday.

Nigeria’s inflation drops to 15.91 % in October

The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.91 per cent in October from 15.98 recorded in September.

Inflation drops for eighth consecutive months to 15.98% – NBS

The National Bureau of Statistics has released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.01 per cent in August to 15.98 per cent in September.

Fitch affirms Nigeria ‘B+’ rating, negative outlook

Fitch Ratings Thursday affirmed Nigeria’s long-term foreign currency Issuer Default Rating (IDR) at ‘B+’ with a “negative outlook”.

Food prices remain high despite easing inflation

The Consumer Price Index (CPI) which measures inflation increased by 16.05 percent (year-on-year) in July 2017, even as food price pressure continued into the month under review as all major food sub-indexes increased.

Inflation rate drops for sixth consecutive time to 16.05%

The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation, with the index dropping marginally from 16.1 per cent in June to 16.05 per cent in the month of July.

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