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: National Bureau of Statistics
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% […]
Nigeria inflation rises to 12.9 pct yr-yr in June
* Consumer price inflation rises to 12.9 pct yr-yr in June * Central bank expected to hold rates next week (Adds details, quote, background, changes headline) Nigeria’s consumer price inflation rose marginally in June, statistics showed on Wednesday, supporting expectations that the central bank will hold interest rates steady at […]
