On month-on-month basis, the Headline index increased by 0.87 percent in January 2020, this is 0.02 percent rate higher than the rate recorded […] “The urban inflation rate increased by 12.85% (year-on-year) in February 2020 from 12.78% recorded in January 2020, while the rural inflation rate increased by 11.61 in February 2020 from 11.54% in January 2020. Nigeria inflation rate for 2018 was 12.09%, a 4.43% decline from 2017. The last time Nigeria’s inflation rate was as high as 12.13 per cent was in April 2018 when the CPI rose to 12.48 per cent. National Bureau of Statistics Inflation rate rose by 12.40 percent in May 2020, up by 0.06 percent points higher than Inflation rate rises to 12.40% in May 2020- NBS - TVC News Nigeria TVC News Nigeria is a 24-hour Nigeria-centric news, current affairs and documentary channel.
Nigeria: Inflation rises to 21-month high at turn of 2020 February 17, 2020 Consumer prices rose 0.87% on a month-on-month basis in January, up from December’s 0.85% increase. This is the highest rate recorded in the country since May 2018, which was 11.61%. The consumer price index, (CPI) which measures inflation increased by 12.13 percent (year-on-year) in January 2020.This is 0.15 percent points higher than the rate recorded in December 2019 (11.98) percent.On month-on-month basis, the Headline index increased by 0.87 percent in January 2020, this is 0.02 percent rate higher than the rate recorded in December 2019 (0.85) percent.The percentage change in the average composite CPI for the twelve months period ending January 2020 over the average of the CPI for the previous twelve months period was 11.46 percent, showing 0.06 percent point from 11.40 percent.Insecurity: 1013 killed in Niger Delta in 2019 – Report This is 0.08% rate lower than the rate recorded in January 2020 (0.87%),” the report reads. Download a sample report now.Never miss out on our latest data, analysis and industry events. Nigeria inflation rate for 2016 was 15.68%, a 6.67% increase from 2015. Consumer prices increased 1.17% over the last month in May, accelerating from April's 1.02% increase. Consumer prices rose 0.87% on a month-on-month basis in January, up from December’s 0.85% increase. Nigeria's government may drive up inflation when it increases a sales tax to partly finance its record 2020 budget and implements a new minimum wage, the International Monetary Fund (IMF) warned. - NBS releases a new report indicating that the inflation rate rose to 12.13% in January 2020 -The bureau said that it is 0.15 % points higher than the rate recorded in December 2019 at 11.98% The global pursuit of financial inclusion as a vehicle for economic development had a positive effect in Nigeria as the exclusion rate reduced from 53.0 % in 2008 to 46.3 % in 2010. The Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) rose from 40.7 in May to 46.4 in June. This is 0.07% points higher than the rate recorded in January 2020 …
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