#DailyDataCard: November’s inflation rate jumps to 28.20% as Nigerians get ready for the holiday season 2
#DailyDataCard: November’s inflation rate jumps to 28.20% as Nigerians get ready for the holiday season
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#DailyDataCard: Nigeria’s inflation rate hits 26.72% in September
#DailyDataCard: Nigeria’s inflation rate hits 26.72% in September
CBN loses control of Inflation: What else works?
Moreover, the Nigerian government, in recent years, has been suffering from revenue issues which have resulted in budget deficit and ultimately increasing borrowing.
#DailyDataCard: Nigeria’s inflation rate hits 22.2% in April 2023
#DailyDataCard: Nigeria’s inflation rate hits 22.2% in April 2023
Nigerians groan as inflation hits homes, businesses
While the prices of goods and services continue to increase, fixed income earners feel the pinch. Workers’ salaries have stayed the same since 2019 when the minimum wage was increased from N19,000 to N30,000 monthly.
Why your 2023 summer vacation may not happen
Inflation has risen globally, which has increased the cost of goods and services. The global inflation rate increased from 4.7 percent in 2021 to 8.75 percent in 2022 and is projected to further rise in 2023 due to Russia’s war in Ukraine and US-China trade war.
CBN’s interest rate hikes prove ineffective for inflation
The current inflation rate in Nigeria is 21.07 per cent, up 0.9 percent from the rate that was registered in the previous month. Nigeria’s inflation has continued to trend upwards in nearly one year despite the CBN's interest rate hikes.
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Under Buhari, Nigeria’s inflation rises to 21.91% as poverty spreads
“Being a businessman who sells unisex shoes, the scarcity of cash is a challenge for me. Where we buy from, they don’t accept electronic transfers. They demand for cash, and if you must do a transfer, you will add pay for charges.”
Inflation rises to 21.82% amid cash, fuel shortages
Nigeria’s headline inflation rate increased from 21.34 percent in December 2022 to 21.82 percent in January 2023, according to data released by the National Bureau of Statistics on Wednesday.
Nigeria’s inflation declines but market prices still high
Inflation declined by 0.13 percent in December 2022, but this has an insignificant impact on prices of goods and services.
Nigeria’s Inflation Update: Nigeria’s Inflation decreased by 0.60%, the first time in 11 months
The National Bureau of Statistics reported that Nigeria’s inflation rate in December 2022 was 21.34%. The headline inflation rate dropped by 0.60%, marking Nigeria’s first decline in inflation in 11 months.
#DailyDataCard: Nigeria’s Inflation rate in November 2022
#DailyDataCard: Nigeria’s Inflation rate in November 2022
Inflation Rates may Rise again as Fuel Scarcity Returns to the FCT
Weeks after Nigeria experienced harrowing fuel scarcity, blamed largely on the rising prices of crude oil globally amidst the Russia-Ukraine crisis and the dirty fuel saga, another wave of fuel scarcity is looming in the country. Queues are again getting longer in the country’s Federal Capital Territory, Abuja.
Nigeria Inflation Rate Increased in February, Now 15.7%
Nigeria’s inflation rate rose as headline inflation increased from 15.6 in January 2022 to 15.7% in February 2022. Having dropped from 15.63% in December 2021 to 15.6% in January 2022, the inflation rate picked up in February.
Nigeria’s Post-Covid Recovery: How does Statistics Compare to Lived Reality?
The Nigerian economy recorded a surge in 2021 after the fall it experienced in 2020.