August 17, 2022/United Capital Research The National Bureau of Statistics (NBS) recently published the Consumer Price Index (CPI) report for Jul-22. In line with our in-house projections, headline inflation rose 104bps to 19.6% for the month, with the inflation basket expanding 1.8% m/m. Interestingly, the inflation print of 19.6% in […]
OPINION/EDITORIAL
Headline Inflation at 19.64%: It is What it is
August 16, 2022/CSL Research The Consumer Price Index (CPI) data released by the National Bureau of Statistics (NBS) showed that headline inflation increased by 105bps to 19.64% in July 2022, in line with our forecast. At this level, inflation is at its highest point in 17 years (from October 2005 […]
Nigeria July 2022 CPI: Unfavourable Base Effects to Fan Higher Headline Inflation
August 15, 2022/Cordros Report Nigeria’s headline inflation maintained its uptrend for the sixth consecutive month, rising to its highest level in 17 years. According to the National Bureau of Statistics (NBS), consumer prices rose by 105bps to 19.64% y/y in July (June: 18.60% y/y) – the highest print since September […]
