Lockdown, disruptions in supply chain trigger higher inflation
Disruptions in supply chain and Federal Government’s imposed lockdown in Lagos, Ogun and the Federal Capital Territory (FCT), Abuja, as well as other measures adopted by state governments may have triggered higher inflation in the country.
Instituting measures to stimulating economy amid rising inflation
Policy measures to address the demand and supply shocks will help check the nation’s rising inflation rate as well as stimulate the economy ahead of possible recession, the Nigeria Employers Consultative Association (NECA), has said.
Import bills, supply chain disruptions to spike inflation further
Nigerians may have to brace for tougher times earlier declared by the nation’s economic managers, once the lockdown is relaxed, as the realities of global supply chain disruptions, pressure on Naira as a result of demand for foreign exchange for the importation of petrol...
Inflation rises to 12.26% in March – NBS
The National Bureau of Statistics (NBS) says Consumer Price Index (CPI), which measures inflation, increased by 12.26 per cent year-on-year in March.
Inflation to spike further as new VAT, fresh risks emerge
Although pressure from the nation’s border closure may have dissipated and slowed down the spike in inflation rate, the effect of the new 7.5 per cent value added tax (VAT) regime, as well as the impact of the coronavirus pandemic may continue to drive inflation rate higher than expected.
The spirit of a dying year
There is a sense in which we believe that an outgoing year actually dies. It ends. It quits the stage and goes into oblivion.
Inflation increased by 11.85% in November 2019 — NBS
The National Bureau of Statistics (NBS) said inflation increased by 11.85 per cent year on year in November 2019.
Border Closure: Nigeria suffers highest inflation rate since May 2018
The closure of some of the Nigerian borders has led to the increase in food prices and subsequently pushed up annual inflation in the country. The National Bureau of Statistics monthly report released on Monday showed that annual inflation was 11.61% in October, up from 11.24% in September, indicating the highest rate since May 2018.…
Inflation drops by 0.06% in August- NBS
The National Bureau of Statistics (NBS), says inflation rate in August 2019 reduced by 0.06 per cent to 11.02 per cent from 11.08 per cent recorded in July. It said this in the “Consumer Price Index (CPI), August 2019” report it released on Tuesday in Abuja. The report, however, said that inflation increased by 11.02…