March 15, 2023/Cordros Report The February 2023 inflation report recently released by the National Bureau of Statistics (NBS) showed that consumer prices maintained their uptrend for the second consecutive month after the moderation witnessed in December 2022. Precisely, the headline CPI increased by 10bps to 21.91% y/y (January: 21.82% y/y). […]
OPINION/EDITORIAL
House Prices Continue to Fall as Borrowing Costs Rise
(Credit: IMF Photo) March 15, 2023/IMF By Hites Ahir, Prakash Loungani, and Karan Bhasin Global housing markets are retreating after years of steady gains. The Chart of the Week shows widespread declines in inflation-adjusted housing prices for two-thirds of the countries with recent data from the Organisation for Economic Co-operation and Development. View the […]
Headline Inflation Increases Further by 10bps to 21.91% y/y in February
March 15, 2023/Cordros Update Nigeria’s headline inflation rose by 10bps in February to 21.91% y/y (January: 21.82% y/y). The outturn is 20bps lower than Cordros’ estimate (22.11% y/y), but 11bps higher than Bloomberg’s median consensus estimate (21.80% y/y). However, on a month-on-month basis, headline inflation eased by 15bps to 1.71% […]
