Inflation Archives

UK inflation hits 41-year high

British inflation has accelerated to the highest level for 41 years, driven by soaring energy, food, and transport prices in a worsening cost-of-living crisis, official data showed Wednesday. The Consumer Prices Index hit 11.1 percent in October, reaching the highest level since 1981, the Office for National Statistics said in a statement. That compared with […]

agencyreport
16th November 2022
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Economy

Nigeria’s inflation hits 19.64%

Nigeria’s inflation rate hit a 17-year high of 19.64 per cent in July just a month after surging to 18.6 per cent recorded in June 2022. This was disclosed in a Consumer Price Index report for the month of July 2022 according to the National Bureau of Statistics. Food inflated to 22.02% from the 20.6% […]

sadeniyipdnlimited-com
15th August 2022
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222 Views

Economy

Nigeria’s inflation hits 20%, surpasses World Bank’s projection

Nigeria’s inflation rate is now at 20 per cent, 0.5 per cent above the World Bank’s projection of 15.5 per cent, despite raising its Monetary Policy Rate (interest rate). In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business Unusual,’ the global bank projected that Nigeria’s inflation rate was going to be […]

sadeniyipdnlimited-com
18th July 2022
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221 Views

Economy

Nigeria’s inflation hits 18.6%, highest in five years

The Consumer Price Index, which measures the rate of change in prices of goods and services, surged to 18.60 per cent in June 2022, up from 17.71 per cent in the previous month. According to reports, this is the highest since January 2017. The National Bureau of Statistics said this in its consumer price index […]

sadeniyipdnlimited-com
15th July 2022
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206 Views

Economy

World Bank faults Buhari regime’s response to inflation

The World Bank has faulted the response of the regime of the President, Major General Muhammadu Buhari(retd), to the inflation suffered by Nigeria. According to a statement released by the Washington-based bank, the Federal government’s response is inadequate as the country continues to suffer double-digit inflation. The apex bank, in its latest Nigeria Development Update […]

agencyreport
2nd July 2022
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273 Views

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank

Economy

Inflation, fuel scarcity’ll weaken Nigeria’s economic growth – World Bank

The World Bank has predicted that Nigeria’s economic growth will be affected by fuel scarcity and rising inflation in the country. This is coming after the apex bank projected that Nigeria’s economy would grow by 3.4 per cent in 2022 but decline to 3.2 per cent in 2023 and 2024. According to The PUNCH, the new […]

agencyreport
27th June 2022
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243 Views

Economy

Homebuyers feel inflation squeeze amid recession fears

While the housing market continues to get battered by rising interest rates and sky-high prices, Redfin’s CEO warned that homebuyers are feeling the inflation squeeze as the U.S. is “headed for recession.” “People who are looking to buy homes right now are still driven by the same factors,” Redfin CEO Glenn Kelman told “Cavuto: Coast […]

agencyreport
20th June 2022
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131 Views

Economy

43% homeowners delayed improvements due to inflation – Report

Sixty per cent of homeowners, in a recent survey, said they were less comfortable making large purchases for their homes or households because of rising prices, according to Hippo Insurance’s 2022 Homeowner Preparedness Report. Nearly 43 per cent either strongly (14.4 per cent) or somewhat (28.4 per cent) agreed that inflation had caused them to […]

agencyreport
20th June 2022
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167 Views

Economy

Cost of 12.5kg cooking gas rises to N9,400

The cost of cooking gas has become the latest inflation news to hit the spotlight, after the rise of the Consumer Price Index to 16.82 per cent in April from 15.92 per cent in March. AMBuisness gathered that a 12.5kg cylinder of household cooking gas in the country which went for N7,000 in September 2021, […]

agencyreport
1st June 2022
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279 Views

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Some Populer Post

Tinubu blames privatization for current power sector crisis

Nigeria isn’t poor, huge money moves below radar –

Access Holdings disowns unauthorised 2025 financial highlight release

South Africa’s inflation rises to 3.1% as cost pressures

Tag: Inflation

UK inflation hits 41-year high

Nigeria’s inflation hits 19.64%

Nigeria’s inflation hits 20%, surpasses World Bank’s projection

Nigeria’s inflation hits 18.6%, highest in five years

World Bank faults Buhari regime’s response to inflation

Inflation, fuel scarcity’ll weaken Nigeria’s economic growth – World Bank

Homebuyers feel inflation squeeze amid recession fears

43% homeowners delayed improvements due to inflation – Report

Cost of 12.5kg cooking gas rises to N9,400

Tinubu blames privatization for current power sector crisis

Nigeria isn’t poor, huge money moves below radar.

Access Holdings disowns unauthorised 2025 financial highlight release

South Africa’s inflation rises to 3.1% as cost.

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