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Headline Inflation

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Nigeria’s inflation rises to 12.20 percent in February

Nigeria’s headline inflation has recorded another increase from the 12.13 percent recorded in January to 12.20 percent in February 2020.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Minister: Border closure is reason for rising food inflation

Nigeria’s recent border closure drill has been linked to the recent rise in headline inflation which is currently at 11.61 per cent as of October 2019.

August inflation moderates to 11.02 percent as disinflation continues

The consumer price index (CPI) which measures inflation went down marginally by 0.06 percent points lower than the 11.08 percent recorded in July 2019 to 11.02 percent (year-on-year) in August 2019.

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