Category Archives: inflation

Inflation rate declines to 16.1% in June

By Adaeze Okechukwu National Bureau of Statistics, NBS, yesterday, reported that the annual inflation rate year-on-year (YoY) declined marginally by 0.15 per cent to 16.1 per cent in the month of June 2017 from 16.25 per cent recorded in May. This represents the fifth consecutive decline in the rate of inflation since January 2017. The […]

FG vows to reduce inflation to single digit by 2020

By Ismaila Chafe Abuja – The Federal Government has reiterated its determination to bring down the inflation rate to a single digit by 2020, the Minister of Budget and National Planning, Sen. Udoma Udu Udoma, has disclosed. The National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) May 2017 report, released in Abuja […]

Divergent outlook over inflation in Q3

By Babajide Komolafe BUSINESSES and consumers have differed in the expectations of the direction of the inflation rate in the third quarter of the year. Meanwhile there was consensus of optimism about further naira appreciation and improved macro-economic performance in the third quarter. These were highlights of the Business Expectations and Consumer Expectation surveys conducted […]

Nigeria’s inflation drops to 16.25 % in May -NBS

The National Bureau of Statistics (NBS) on Tuesday said that the country’s inflation dropped to 16.25 per cent in May from 17.24 per cent in April. The NBS made this known in its “Consumer Price Index (CPI) May 2017’’ report released on Thursday in Abuja. According to the bureau, this is the fourth consecutive decline […]

FSDH forecasts May inflation at 16.13%

By Adaeze Okechukwu DESPITE the significant increases in retail prices, a year-on-year (YoY) tracking of Nigeria’s inflation factors indicates that base effects would yield a huge drop in headline index to 16.3 per cent for the month of May 2017, a massive 94 basis point deceleration from 17.24 per cent recorded in the preceding month. […]