February 15, 2024/Coronation Research January Inflation inflation increased by +92bps (when compared with the previous month) to 28.92% y/y. On a month-on-month basis, headline inflation increased by +35bps to 2.64% compared with 2.29% recorded in the previous month. Food inflation (35.41%) recorded an increase of +148bps when compared with the previous […]
Updates
Macroeconomic Update:Inflation Report for January 2024
February 15, 2024/Futureview Research In January 2024, the headline inflation rate rose to 29.90%, up from 28.92% in December 2023, marking an increase of 0.98 percentage points. Comparing year-on-year, January 2024 saw an 8.08% point increase over January 2023’s rate of 21.82%. This indicates a notable escalation in inflation compared […]
Nigeria’s Inflation Rise 29.90% in January 2024 from 28.92% in December 2023
February 15, 2024/InvestmentOne Update Headline inflation rate rose to 29.90% y/y in January 2024 (28.92% y/y in December 2023). Food inflation rate increased by 35.41% y/y in January 2024 ( 33.93% y/y in December 2023). Core inflation rate advanced to 23.59% y/y in January 2024 (23.06% y/y in December 2023).

