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percent points from 0.91 percent recorded in October 2021. The average annual rate of change of the Food sub-index for the twelve-month period ending November 2021 over the previous twelve-month average was 20.62 percent, 0.13 percent points lower from the aver-age annual rate of change recorded in October 2021 (20.75 percent).
Inflation Monitor. Inflation Monitor describes, on a monthly basis, the composition of items in the food basket which the National Bureau of Statistics uses for the computation of inflation rate in Nigeria. The table indicates for each item, an attached weight and consumer price index as well as three indicative rates of inflation.
Nigeria - Statistics & Facts. In mid-2017, about 1.25 billion people lived in Africa, and Nigeria was the most populous nation on the continent. It is estimated that by 2050, Nigeria will be the ...
Consumer Price Index CPI in Nigeria increased to 718 points in April from 701.90 points in March of 2024. Consumer Price Index CPI in Nigeria averaged 155.12 points from 1995 until 2024, reaching an all time high of 718.00 points in April of 2024 and a record low of 14.36 points in January of 1995. source: National Bureau of Statistics, Nigeria.
The Central Bank of Nigeria (CBN) Economic Report is a compilation and analysis of economic developments in Nigeria within the review period. The Report, which is published on a monthly and quarterly basis, provides insights into the current developments in the real, fiscal, financial, and external sectors of the Nigerian economy and the global ...
This rate was lower by 1.37% points compared to the rate recorded in the same quarter of 2022 and 0.32% points higher than the third quarter of 2023. GDP - The real growth of the oil sector was 12.11% (year-on-year) in Q4 2023, indicating an increase of 25.50% points relative to the rate recorded in the corresponding quarter of 2022 (-13.38%).
News Stream. Nigeria Inflation Rate Hits Fresh 28-Year Peak of 33.7%. Nigeria’s headline inflation rate continued to climb to 33.69% in April 2024, its highest since March 1996, up from 33.2% in the prior month. This marks the 16th consecutive month of acceleration in inflation, partly because of renewed weakness in the naira coupled with the ...
