Inflation: FMCG transaction volume in Nigeria declines by 17.4% in 2024 – Report
The latest report by NielsenIQ has revealed that the Nigerian Fast-Moving Consumer Goods (FMCG) market has seen a 17.4% decline ...
Tag: Inflation
Nigeria’s historical consumer price index which shows our inflation rate from 2003 till date. The data is updated monthly.
FCCPC blames disproportionate pricing of imported goods among retailers for inflation
The Federal Competition and Consumer Pricing Commission (FCCPC) has stated that disproportionate pricing of imported goods mostly among retailers is ...
Inflation: 67% of MSMEs report decline in demand for their products and services – Report
A new report by Price Waterhouse Coopers has revealed that up to 67% of MSMEs in the country have seen ...
Business activities in Nigeria contracts in July due to high prices – Stanbic PMI
Business activities in Nigeria’s private sector contracted for the first time since November 2023 in July mainly due to reduction ...
10 most expensive staple foods to buy in Nigeria in June 2024
Nigeria's economy has been grappling with significant inflationary pressures, which have notably impacted the prices of staple foods.
FG’s revenue to debt service ratio dropped from 97% to 68% in 2024 – Wale Edun
The Minister of Finance, Wale Edun, has said Nigeria’s revenue to debt service ratio has declined from 97% in 2023 ...
Nigerian Manufacturers say 1,475 basis point rise in interest rate since 2022 leads to inflation
The Manufacturers Association of Nigeria (MAN) has reacted to the recent decision by the Central Bank’s Monetary Policy Committee (MPC) ...
CBN to continue with higher interest rates if inflation does not come down – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that persistent inflation could prolong monetary tightening ...
Food inflation increases by 13.89%-points one year after Tinubu declares emergency on food security
The state of emergency declaration on food security then follows concerns by the President over the escalating prices of food ...
Nigeria’s inflation rises to 34.19% in June 2024
Nigeria’s inflation rate in June 2024 surged from 33.95% in May 2024 to 34.19% in June according to the latest ...
