January 2021 Inflation Rate In Nigeria
January 2021 Inflation Rate In Nigeria. Despite continuous surge in food prices, the national bureau of statistics (nbs) says nigeria’s inflation rate dropped to 15.60 per cent in january 2022 from 15.63 per cent recorded in december 2021. Updated january 17, 2022 a file photo of a woman at a market.
Nigeria's inflation rate drops to 15.6% in january 2022, from 15.63% in december 2021 recommended articles eagles emmanuel dennis pictured with nff committee in london This was a 0.03% slide from the 15.63% recorded last december. The consumer price index measures which measure inflation has increased by 15.6 percent in january, year on year.
Headline Inflation Up, All Eyes On The Mpc Meeting Next Week;
This continues to be a major worry for businesses in the nigerian economy. Lastly, core inflation, which excludes volatile agricultural produce, came in at 13.9% in january, matching. Nigeria’s inflation rate has risen to 15.63 percent in december 2021 from 15.50 percent recorded in november.
The Inflation Rate Increased From 16.47 Percent To 18.77 Percent Between January And March, And Has Since Continued To See A Decline Monthly, Although Still In Double Digits.
The headline inflation is about 02.% higher than the 15.40% in november 2021. Despite continuous surge in food prices, the national bureau of statistics (nbs) says nigeria’s inflation rate dropped to 15.60 per cent in january 2022 from 15.63 per cent recorded in december 2021. Inflation in january was stable at december’s 15.6%.
In January 2021, All Items Inflation On Year On Year Basis Was Highest In Kogi (21.38%), Oyo (20.17%) And Bauchi (19.52%), While Kwara (13.96%), Abuja (12.96%) And Cross River (12.22%) Recorded The Slowest Rise In Headline Year On Year Inflation.
“the ‘’all items less farm produce’’ or core inflation stood at 13.87 percent in january 2022, up by 2.02 percent compared to 11.85 percent, the rate recorded in. Nigeria’s consumer price inflation rate fell in january to 15.60 per cent from 15.63 per cent recorded in december 2021, even as food prices. The headline inflation of nigeria dropped to 15.60 in january 2021, a 0.03 per cent reduction in what was recorded in december last year (15.63).
Inflation Rate In Nigeria Has Increased To 15.63 Per Cent In December 2021 From 15.4 Per Cent Recorded In November Of The Same Year, Indicating The First Increase In Eight Months Of Consecutive Decline, The Consumer Price Index (Cpi) Of December 2020 Has Shown.
In 2021, nigeria's inflation rate is projected to reach 16 percent. The consumer price index measures which measure inflation has increased by 15.6 percent in january, year on year. 7 hours agoin 2021, nigeria’s economy saw a spike in inflation.
Last Month's Rate Is 0.86% Higher Than The 16.47% The Nigerian Bureau Of Statistics (Nbs) Reported In January 2021.
In january 2021, the inflation rate in urban areas of nigeria grew by 17 percent compared to the previous months. Updated january 17, 2022 a file photo of a woman at a market. Nigeria’s inflation rate dropped marginally to 15.6% in january 2022, representing a reversal from the uptick recorded in the previous month, when it increased to 15.63% in december 2021.
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