Nigeria Inflation

Recent report published by the National Bureau of Statistics revealed that the headline inflation rate in November 2022 was 21.47%. This was 6.07% points higher compared to the rate recorded in November 2021, which was 15.40%. This means that in the month of November 2022, the general price level was 6.07% higher relative to November 2021. As […]

Report published by the National Bureau of Statistics has revealed that Nigeria’s inflation rate rose from 20.77% in September 2022 to 21.09% in October 2022 According to NBS, food Inflation was 23.72% in October 2022, from 23.34% in September 2022. “On a month-on-month basis, the headline inflation rate for October 2022 was 1.24 percent, this was 0.11[…]

Report published by the National Bureau of Statistics revealed that Nigeria’s inflation rate in July 2022 increased to 19.64% from 18.60% recorded in the month of June. This was 2.27% points higher compared to the rate recorded in July 2021, which was (17.38 %). This shows that the headline inflation rate increased in the month of July[…]