Consumer Inflation & Data

Cement Manufacturers Slash Price to N7,000 Per 50kg Following Govt Intervention

Cement producers have agreed to reduce prices to between N7,000 and N8,000 per 50kg nationwide, following a meeting chaired by David Umahi, Minister of...

Nigerians Grumble as Inflation Starts 2024 with a Bang; Hits 29.90%

, Highest in 28 Years In January 2024, Nigeria's inflation surged to 29.90%, marking a 28-year high and continuing its upward trend for the thirteenth...

Nigeria’s inflation rate increases to 29.9% as food prices rise

February 15, 2024. Azonuchechi Chukwu. The National Bureau of Statistics (NBS) said today that the headline inflation rate increased year-on-year (YoY) by 0.98 percentage points to...

Nigeria central bank targets 21% inflation, seeks to support naira

"Nigeria's Central Bank Strategizes to Tackle Soaring Inflation and Currency Challenges" ABUJA, Jan 24 - Governor Olayemi Cardoso of the Central Bank of Nigeria...

Rising Inflation Hits Nigeria’s Economy: Soars to 28.92% in December 2023, Highest in Nearly 28 Years

Nigeria's economy faces heightened inflation, reaching 28.92% in December 2023, marking a year-long upward trend. Factors contributing to this surge include increased transportation costs, climate...

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