February 16, 2021/NBS All Item Index The consumer price index, (CPI) which measures inflation increased by 16.47 percent (year-on-year) in January 2021. This is 0.71 percent points higher than the rate recorded in December 2020 (15.75 percent). Increases were recorded in all COICOP divisions that yielded the Headline index. On […]
Updates
January Inflation Rate Jumps to 16.47% on Food, Core Inflation
February 16, 2021/Cowry Asset Report Freshly released data from the National Bureau of Statistics showed that headline inflation rose to16.47% in January (higher than 15.75% printed in December). The increase in inflation rate was caused by persistent increase in average food prices and non-food prices. Food inflation spiked to 20.57%(from […]
Headline Inflation Hit 16.47% y/y in January 2021
February 16, 2021/Cordros Report Nigeria’s headline inflation maintained its upward trajectory for the 17th consecutive month, as it rose by 71bps in January 2021 to 16.47% y/y (December 2020: 15.75% y/y), the highest level since April 2017 (17.24% y/y). The outturn is 37bps higher than Cordros’ (16.10% y/y) estimate, with […]
