The increasing inflation in Nigeria has multiplied the suffering of its citizens as 133 million Nigerians are currently living below the poverty line, the Lagos Chamber...
The NBS attributed the rise in inflation to disruptions in the supply of food products, increased import costs due to the naira's depreciation, and a general...
The cost of basic food items required for survival by an average Nigerian family rose by 17.5 percent to N48,130 in January 2023 from N40,980 in...
Prices of goods and services moderated slightly in December 2022 despite the usual Christmas hike in price expected to bolster Nigeria’s headline inflation. Consumer Price Index,...
The United Kingdom’s (UK) annual growth of food prices stood at a record high of 13.3% as of December last year. This was disclosed in the...
CBN expects inflation to moderate in 2023
Rising cost of living amid forex scarcity pushed inflation to a new record high of 21.09 percent in October 2022
U.S. Consumer Price Index (CPI) grew at a slower pace of 7.7% in October, below the 8.2% recorded in September
Inflation for the month of October in the Eurozone reached an all-time high of 10.7 percent from 9.9 percent in September 2022
The International Monetary Fund (IMF) has noted that rising inflation can cause social and political instability in Nigeria and other countries in Sub-Saharan Africa.