Nigeria inflation rate slows for the 12th consecutive month to 15.13% in January
Nigeria’s statistical authority, the National Bureau of Statistics (NBS), Wednesday said inflation rate for the month of January 2018 moderated further to 15.13 percent, representing a 12th consecutive monthly decline year-on-year. The report specifically indicated that headline inflation moderated 24 basis points (bps) from 15.37 percent in December 2017 to a 21-month low of 15.13 […]
Nigeria consumer inflation in 7-month low at 16.01% in August as base effect wanes further
Nigeria’s consumer price index (CPI), which measures inflation or the average change over time in prices of goods and services consumed by people for day-to-day living, increased by 16.01 percent year-on-year in August 2017, representing a 0.04 percent slowdown than the rate recorded in July (16.05%). The August inflation figures as released by Nigeria’s statistical […]