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Inflation notches up to 11.28% in November, says NBS

Inflation notches up to 11.28% in November, says NBS

“The urban inflation rate increased by 11.61 percent (year-on-year) in November 2018 from 11.64 percent recorded in October 2018…” Isaac Anumihe, Abuja National Bureau of Statistics (NBS) has said that inflation rate in November has moved up to 11.28 percent, 0.02 percent points higher than the 11.26 percent rate recorded in October 2018. Capital importation […]
The post Inflation notches up to 11.28% in November, says NBS appeared first on The Sun Nigeria. …

Nigeria’s Inflation rate increases in November

Photos: Long queues at ATM gallaries in Lagos

The National Bureau of statistics (NBS), says the Consumer Price Index (CPI), which measured inflation increased to 11.28 per cent (year-on-year) in November from 11.26 per cent recorded in October.
Continue reading Nigeria’s Inflation rate increases in November at Vanguard News Nigeria. …

China’s factory gate inflation eases

China’s factory inflation slowed in November, a sign demand remains weak amid Beijing’s ongoing trade war with the United States, while consumer inflation also flagged, official data showed Sunday. The producer price index — an important barometer of the industrial sector that measures the cost of goods at the factory gate — climbed 2.7% on-year […]
The post China's factory gate inflation eases appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

Inflation rate to trend toward 13% in 2019

FSDH Merchant Bank has projected inflation rate of 13 percent for 2019 fiscal year citing implementation of the new minimum wage, upward review of electricity tariff and likely removal of fuel subsidy as factors that will drive up prices next year
Continue reading Inflation rate to trend toward 13% in 2019 at Vanguard News Nigeria. …

Expect more inflation next year – Emefiele, CBN boss

Expect more inflation next year – Emefiele, CBN boss

“The current tight stance is expected to continue in the near-term, especially in view of rising inflation expectations and exchange market pressures.” Omodele Adigun Nigeria’s inflation rate is expected to rise for the rest of this year till mid-2019, said governor of the Central Bank of Nigeria, Mr. Godwin Emefiele. According to him, despite this gloomy […]
The post Expect more inflation next year – Emefiele, CBN boss appeared first on The Sun Nigeria. …

Inflation rate falls to 11.26% in October

3 female writers for Nov/Dec Ebedi residency

The National Bureau of Statistics (NBS) Wednesday reported that inflation rate dropped from the 11.28 per cent to 11.26 per cent. This was revealed in NBS’s Consumer Price Index Report which is used in measuring inflation Food prices in Nigeria. “On month-on-month basis, the Headline index increased by 0.74 percent in October 2018, down by […] …

Inflation jumped to 11.28% in September – NBS

Inflation jumped to 11.28% in September – NBS

Nigeria’s consumer price index (CPI), otherwise known as inflation rate for goods and services, rose to the highest level since May, at 11.28 percent last September, the National Bureau of Statistic (NBS) has said. READ ALSO: NBS recants, insists economy is strong The statistics agency, in its latest CPI report published Tuesday in Abuja, said the […]
The post Inflation jumped to 11.28% in September – NBS appeared first on The Sun Nigeria. …

Declining reserves, rising inflation to dominate MPC considerations

AS the nation’s external reserves continued its downward trend for the tenth consecutive week last week,  with month-to-date decline of $948 million, the ten man Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will meet for the 263rd  time today to brainstorm on policy measures to address the economic headwinds of declining external reserves, rising inflation and slowdown in economic growth
Continue reading Declining reserves, rising inflation to dominate MPC considerations at Vanguard News. …

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