Inflation

The National Bureau of Statistics (NBS) reports that the consumer price index, (CPI) which measures inflation, increased by 17.38 percent (year-on-year) in July 2021. This is 0.37 percent lower than the rate recorded in June 2021 (17.75…

Annual inflation rate in the UK increased to 2.5% in June of 2021 from 2.1% in May, above market forecasts of 2.2%. It is the highest inflation rate since August of 2008, with transport making the biggest upward impact while a…

The National Bureau of Statistics (NBS) has said the average fare that air passengers paid for specified route single journey increased by 18.90 percent year-on-year to N36,552.70 in May 2021 from N36,409.46 in April 2021. It also noted…

Latest report by the National Bureau of Statistics (NBS) shows that the consumer price index (CPI,) which measures inflation increased by 17.93 percent (year-on-year) in May 2021, indicating a drop of 0.19 percent points from the rate…

Latest report by the National Bureau of Statistics (NBS) indicates that Nigeria’s inflation rate stood at 18.12% in April 2021, indicating the first decline in headline inflation in about 20 months. This is contained in the Consumer Price…

A worrisome bout of inflation struck the United States economy in April, with consumer prices for goods and services surging 0.8 percent, the largest monthly jump in more than a decade, and the year-over-year increase reaching its fastest…

Iron ore futures surged more than 10% and copper jumped to a record amid growing bets they’ll be among the biggest winners from a commodities boom that’s stoking concerns about inflation around the world. While market participants…

The National Bureau of statistics , NBS, has said the prices paid by consumers for food items like rice, eggs, tomato and yam rose in March. NThis corresponds with the Bureau’s March inflation report which stated that the composite food…