Tag: inflation rate
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Nigeria’s inflation rate jumped to 28.20% in November – NBS
Nigeria’s headline inflation rate increased to 28.20 per cent in November from 27.33 per cent in October 2023, the National Bureau of Statistics (NBS)have said.
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Analysis: Why Nigerians choose struggling abroad with multiple jobs over unemployment
In recent years, a growing number of Nigerians have been opting to leave their home country and seek opportunities abroad, even if it means taking on multiple and often menial jobs. The idea of a better life and greater economic opportunities abroad, often portrayed through social media and success stories of those who have emigrated,…
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Egypt records highest inflation rate at 36.8 per cent
The inflation rate in Egypt has hit an all time high at 36.8 per cent in June. The North African country has been grappling with punishing economic crisis in recent times and it has pushed the inflation rate high up. The previous record of 34.2 per cent in July 2017 came, as it does now,…
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Nigeria’s inflation rate jump to 22.41% in May
Nigeria inflation rate jumped up to 22.41 percent in May 2023, according to Nigeria’s consumer price index (CPI), which measures the rate of change in prices of goods and services in the country. The inflation rate increased from 22.22 percent in the previous month to 22.41 percent.
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Despite cashless policy: Nigeria’s inflation rate rises further to 21.91% in February 2023
Despite the imposed cashless policy by CBN, Nigeria’s inflation rate climbed to a new 17-year high of 21.91% in February 2023, representing a 0.09% point increase when compared to the 21.82% recorded in the previous month. This is according to the recently released Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS).…
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Juliet Ibrahim laments high cost of living in Ghana, says she spends N72,000 to fuel her car weekly
Ghanaian actress, Juliet Ibrahim, has lamented the high inflation rate and cost of living in Ghana, saying she has been spending so much to fuel her car on a weekly basis. The beautiful actress made this known via a post on her verified Twitter page where she described Ghana as the most expensive country to…
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Ghana’s inflation rate hits highest figure in years – GSS
According to the figures revealed by the Ghana Statistical service, inflation rate jumped to an all time high of 40.4% for the month of October 2022. The high inflation rate is responsible for the rise in the cost of goods and services in the west African country. The inflation rate in Ghana for the month…
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Inflation rate in Nigeria hits 15.92%
Urban inflation rate increased to 16.44 percent year-on-year in March 2022
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Nigeria’s inflation rate drops further
Nigeria’s inflation rate has dropped by 0.37 per cent to 17.01 per cent (year-on-year) in August, from the 17.38 per cent recorded in July.