Nigeria’s inflation rate has climbed to a 34-month high, rising to 17.33% in February from 16.47% in January 2021, the latest figures published by the National Bureau of Statistics (NBS) have shown. The report published on the website of the bureau shows that food inflation rose to 21.79% in February from 20.57% in January, while…

Nigeria’s inflation rate has climbed to a 33-month high, as it rose further to 16.47% in January 2021 from 15.75% in December 2020, the latest figures published by the National Bureau of Statistics (NBS) have shown. The report published on the website of the bureau shows that food inflation rose to 20.57% in January 2021…

Nigeria’s inflation rate has climbed to a 31-month high, as it rose further to 14.89 per cent in November, the latest figures by the National Bureau of Statistics (NBS) has shown. The report published on the website of the bureau shows that the new inflation rate is 0.66 percent points higher than the rate recorded…

Disposable income of many Nigerian households has continued to come under pressure, with many spending more on food following continued rise in food inflation, and the consumer price index (CPI).

While the impact of border closure may appear to be waning, festive-induced demand took a toll on food prices, as the consumer price index, (CPI) which measures inflation increased by 11.85 percent (year-on-year) in November2019.

With staple harvests due next month as a result of improved rains in the North-East region of the country, latest report by Renaissance Capital has reflected optimism of improved food prices that will ease headline inflation from last quarter of 2017.