In January, the Consumer Price Index (CPI) which measures inflation rose by 8.0 percent year-on-year. Growth rates have held relatively unchanged for the second consecutive month and continue to find support in the single digit range in line with trends exhibited in 2013. Food prices have risen at about the […]
Tag: Consumer Price Index
World economy on recovery road, but weak inflation threatens: Reuters poll
A much better year lies in store for most of the world’s major developed economies, although weak inflation will persist, complicating central banks’ ability to get interest rates back to normal, Reuters polls forecast on Thursday. As in the last few years, the United States looks set to the lead […]
Nigeria: December Inflation climbs further to 8.0% y/y
According to the National Bureau of Statistics, headline inflation in December inched up by 8.0% y/y. This marks a 0.1% rise from the 7.9% recorded in November and the second consecutive rise in inflation rate since October. In effect, inflation remained in single digits throughout 2013. The consumer price index […]
