CPI

JUST IN: Nigeria’s inflation rate increases to 31.70% in February – NBS

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Inflation 1

Nigeria’s inflation rate increased to 31.70 percent in February from 29.90 percent in January 2024. This amount represents a 1.80 percent increase, according to the National Bureau of Statistics’ latest CPI and inflation data, which was released on Friday. This implies that the average price level increased at a faster rate in February 2024 than … Read more

JUST IN: Nigeria’s inflation jumps to 29.9% as food prices rise

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Inflation 1

The consumer price index (CPI), which measures the rate of change in the prices of goods and services, increased to 29.9 percent in January 2024, up from 28.92 percent the previous month. The National Bureau of Statistics (NBS) confirmed this in its January CPI report, which was released on Thursday. According to the bureau, food … Read more