The National Bureau of Statistics (NBS) has reported that Nigeria’s headline inflation rate increased to 22.04 percent on a year-on-year basis in March, this year. According to the Consumer Price Index (CPI) and Inflation Report of the NBS for March 2023, which were released in Abuja on Monday, the figure is 0.13 percent points higher compared to the 21.91 percent …

For the first time in 17 years, Nigeria’s inflation rate rose to 20.8 percent as a result of soaring food prices and supply chain disruption, according to  the National Bureau of Statistics (NBS). The Consumer Price Index report for September 2022 released on Monday shows that inflation figure for the preceding month – August – was 20.52 percent. The NBS …