nigeria inflation rate 2022

Nigeria’s inflation rate hit an almost 17-year high as the price of goods and services increased further by 20.52 per cent in the month of August 2022 from 19.64 per cent recorded in the previous month. According to report by the National Bureau of Statistics (NBS) on Thursday this represents the highest rate since September […]

Nigeria’s annual inflation quickened to 19.64% in July, rising for a sixth straight month on the back of price increases for both food and non-food items. Inflation, which has been in double digits in Africa’s biggest economy since 2016, was at 18.60% year on year in June. The National Bureau of Statistics (NBS) said this […]

Nigeria’s inflation rose to 15.92% in March 2022, following a similar uptick recorded in the previous month as a result of the increase in energy prices. This represents the highest rate recorded since October 2021. This is according to the recently released Consumer Price Index report, released by the National Bureau of Statistics (NBS). The […]


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