By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The National Bureau of Statistics (NBS) has projected an Inflation Rate of 11.91 percent (11.91%) in year 2015 in its review of the Nigerian Economy in 2011 and Outlook for 2012-2015. The NBS in the Report affirmed that although trending downwards since January 2009, the […]
Tag: inflation Rate
CBN measures can’t reduce inflation significantly – Analysts
Financial analysts have said that the monetary policy measures by the Central Bank of Nigeria cannot reduce the inflation rate to a single digit. This is coming after the release of the July inflation rate by the National Bureau of Statistics Analysts at First Security Discount House, in their weekly […]
Nigeria’s Inflation Drops to 12.8% in July 2012-Report
The National Bureau of Statistics (NBS) today reported Nigeria’s July headline inflation at 12.8% year-on-year (y-o-y), down by 10bps from 12.9% recorded in June 2012. In contrast, food inflation rose by 10bps to 12.1% from 12.0%. Core inflation (measured by All Items Less Farm Produce (Index) however dropped to 15.0% […]
