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Tag: Inflation

Entertainment

Why I don’t feel inflation in Nigeria — Adekunle Gold

Nigerian singer Adekunle Gold has sparked conversation online after revealing that he does not directly feel the impact of inflation in his daily life. Speaking in an interview clip from The Business Times, the singer explained that he is often unaware when prices of household items increase because he does not personally visit supermarkets or […]

Energy

Nigeria’s energy inflation rises to 4.69% in August

Nigeria’s energy inflation rate climbed to 4.69 per cent in August 2026, up from 4.40 per cent in July, reversing the decline recorded in the previous month. The latest figure represents a 0.29 percentage-point increase in the annual change in energy prices, according to the latest Consumer Price Index report by the National Bureau of […]

Economy

Inflation rate eased to 15.39% in August — NBS

Nigeria’s headline inflation rate eased marginally to 15.39 per cent in August 2026, as the pace of increase in food prices slowed significantly during the month, according to the National Bureau of Statistics. The NBS disclosed this in its Consumer Price Index report for August 2026 released on Monday. The latest figure represents a 0.04 […]

Economy

Egypt’s inflation rises to 14.9%, ends cooling streak

Egypt’s annual urban inflation rate rose to 14.9 per cent in July 2026, ending a three-month cooling streak as food prices accelerated despite a monthly decline. The latest figures were released by Egypt’s state statistics agency, CAPMAS. Inflation had eased from April through June after rising sharply in March, but pressures from fuel costs, currency […]

Economy

South Africa’s inflation rises to 5% in June

South Africa’s annual consumer inflation rose to 5.0 per cent in June 2026 from 4.5 per cent in May, strengthening expectations that the country’s central bank could consider raising interest rates as price pressures persist. The latest inflation data was contained in a statement signed by the Statistician-General, Risenga Maluleke. The increase comes amid renewed […]

Business

Nigeria’s inflation drops to 15.91% in June

Nigeria’s headline inflation rate eased marginally to 15.91 per cent in June 2026, down from 15.93 per cent in May. This is according to the latest Consumer Price Index report. The figure also marked a sharp decline from 25.29 per cent recorded in June 2025, indicating a sustained slowdown in headline inflation on a year-on-year […]

Economy

Standard Chartered raises Nigeria’s inflation forecast to 15.5%

Standard Chartered Plc. expects the Central Bank of Nigeria to reduce interest rates by only 150 basis points in 2026. The bank said persistent inflationary pressures will likely force the apex bank to adopt a slower and more cautious monetary easing cycle than previously anticipated. Nairametrics reported that the revised outlook was disclosed by the […]

Business

Nigeria inflation hits 15.93% in May despite slower price growth

Nigeria’s headline inflation rate rose slightly to 15.93 per cent in May 2026 from 15.69 per cent in April, indicating that price pressures remained elevated for households and businesses despite a slower monthly increase in consumer prices. Data from the National Bureau of Statistics’ latest Consumer Price Index report showed that the CPI climbed to […]

Economy featured

FG admits inflation, insecurity persist despite ongoing economic reforms

The Federal Government on Tuesday acknowledged that inflation and insecurity remain major challenges facing Nigerians, even as it defended the economic reforms introduced by President Bola Tinubu’s administration over the past three years. The PUNCH reported that speaking at a press conference to mark the 2026 Democracy Day celebration in Abuja, Secretary to the Government […]

Economy featured

South Africa’s inflation climbs to 4%, highest since 2024

South Africa’s annual inflation rate accelerated to four per cent in April 2026, marking its highest level since August 2024, as rising fuel prices pushed transportation and consumer costs higher across the economy. This is according to data released by Statistics South Africa on Wednesday. The increase reflects mounting pressure from energy-related costs despite continued […]

featured Opinion

LCCI urges FG to stabilise forex, cut energy costs amid rising inflation

The Lagos Chamber of Commerce and Industry has urged the federal government to stabilise the foreign exchange market and reduce energy and logistics costs as Nigeria’s headline inflation rate rose slightly to 15.69 per cent in April 2026 from 15.38 per cent recorded in March. In a statement titled, “April 2026 Inflation Signals Fragile Economic […]

New expatriate levy sparks concerns over regional integration
Opinion

CPPE urges supply-side measures to tackle Nigeria’s persistent inflation

The Centre for the Promotion of Private Enterprise has called for a shift toward supply-side interventions to curb inflation, amid rising energy and transport costs linked to Middle East tensions. CPPE said monetary tightening alone cannot address Nigeria’s inflation challenge and risks further weakening investment and productivity. Leadership reported that speaking, the director/CEO of CPPE, […]

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