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consumer price index

Inflation Hits 11.37% As Food Prices Increase

The National Bureau of Statistics has said the increase in food prices resulted in higher inflation in April. This was contained in a report on its website, showing that the Consumer Price Index which measures inflation, increased by 11.37 percent (year-on-year) in April 2019, signifying a 0.12 percent increase as compared to the 11.25 percent rate recorded in March 2019. “On a month-on-month basis, the headline index increased by 0.94% in April 2019, this is 0.15% rate higher than the rate recorded in March 2019!-->!-->!-->!-->!-->…

Nigeria’s Inflation Rises Again – NBS

The National Bureau of Statistics (NBS) says the Consumer Price Index, (CPI) which measured inflation for September increased to 11.28 per cent (year-on-year) from 11.23 per cent recorded in August. The NBS disclosed this in its “CPI and Inflation Report” for September released in Abuja. According to the Bureau, the figure is 0.05 per cent points higher than the rate recorded in August. The report showed that increases were recorded in all the Classification of Individual Consumption by Purpose (COICOP) divisions…

BREAKING: Inflation Rises For First Time In 18 Months

The consumer price index, (CPI) which measures inflation increased by 11.23 percent (year-on-year) in August 2018, the National Bureau of Statistics reports. In its CPI report, released on Friday, the latest figure is 0.09 percent points higher than the rate recorded in July 2018 (11.14) percent and represents the first year on year rise in headline inflation following eighteenth consecutive disinflation in headline inflation. According to the report, increases were recorded in all Classification of Individual…

Inflation Drops For 18th Consecutive Month

The Consumer Price Index which measures inflation dropped by 0.09 per cent points from 11.23 per cent in June to 11.14 per cent in July, the National Bureau of Statistics says. The NBS, in its report released on Wednesday, said this is the eighteenth consecutive disinflation in headline index. The report reads in part, “The consumer price index, which measures inflation increased by 11.14 per cent (year-on-year) in July 2018. “This is 0.09 per cent points less than the rate recorded in June 2018 and represents an…

Dwayne ‘The Rock’ Johnson Plays Nigerian Character In New Movie

2018 seems to be the year for Nigeria in Hollywood as the nation has continued to earn positive recognition from the international movie industry. First, it was John Boyega in 'Pacific Rim Uprising' and now The Rock stars as Davis Okoye in new movie, 'Rampage'. The American actor, producer, and retired professional wrestler, Dwayne Johnson also known as The Rock stars in the upcoming action-adventure movie Rampage, directed by Brad Peyton. In the movie, Dwayne Johnson – Hollywood’s biggest star will be playing a…

Nigeria’s Inflation Rate Drops For Eight Consecutive Time

The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate dropped from 16.01 per cent in August to 15.98 per cent in September. The NBS made this known on Tuesday in its Consumer Price Index (CPI) report which measures inflation. The development saw a decline of 0.03 per cent points lower than the rate recorded in August. “The percentage change in the average composite CPI for the twelve-month period ending in September 2017 over the average of the CPI for the previous twelve-month period…

Inflation Drops For 7th Consecutive Month To 16.01%

The Consumer Price Index which measures inflation dropped for the seventh consecutive month in 2017  to 16.01 percent in August. Data released by the National Bureau of Statistics on Friday indicated that the CPI declined by 0.04 percent from 16.05 as recorded in August. On a month-on-month basis, the NBS report said the headline index increased by 0.97 per cent in August 2017, representing a 0.24 per cent points decline over the rate of 1.21 percent recorded in June. However, food prices continued to surge,…

Food Prices Reach 8-Year High As Inflation Drops Further

Consumer Price Index (CPI), which measures rate of inflation in Nigeria, dropped for the sixth consecutive month in July, the National Bureau of Statistics (NBS) said on Monday. According to the NBS report, inflation rate dropped to 16.05 percent from 16.1 percent in June, but food prices rose to its highest in eight years to 20.28 percent, up from 19.91 percent in June. This is the biggest year-on-year increase in food prices since 2009, the statistics office said. “The consumer price index (CPI) which measures…
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