inflation

Nigeria’s inflation rate hits 27.33% in October– NBS The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 27.33 per cent in October 2023. The NBS disclosed this in its Consumer Price Index (CPI)…

Nigeria’s inflation rate increased for the fourth consecutive month to 22.22 per cent in April from the 22.04 per cent recorded in March. This is according to the Commodity Price Index report published on Monday by the National Bureau of…

A survey has shown that Egypt's non-oil private sector activity shrank for the 28th straight month in March 2023 as import and currency restrictions and rising inflation continued to hurt business. The S&P Global Egypt Purchasing…

CBN raises Monetary Policy Rate to 17.5% to tame inflation The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rates from 16.5% to 17.5 per cent to tame inflation. The CBN Governor,…

The Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) has blamed the recent hike in the price of fertiliser on the high inflation rate across the world. The Executive Secretary of FEPSAN, Mr Gideon Negedu, said this in…

The Consumer Price Index which measures the inflation rate fell to 17.01 per cent in August, the National Bureau of Statistics said on Wednesday. According to the latest CPI report, this rate is 0.37 per cent points lower than the 17.38…