32.15% in August is trending because according to NBS, Nigeria’s inflation reduced last month despite the petrol crunch and dollar nearly peaking at ₦1,700. The National Bureau of Statistics published that, inflation for August is 32.15%, which is lower compared to 34.19% in June and 33.40% in July, at 1.25% difference. Although higher when compared
Cost of healthy diet in Nigeria rises to all-time high of N1,265- NBS
The average cost of a healthy diet in Nigeria rose to an all-time high at N1,265 in July 2024 according to data from the National Bureau of Statistics ((NBS). The cost of a healthy diet (CoHD) in July was 1.9% higher when compared to the previous month of June which stood at N1,241. According to
Inflation rate hits 33.95% as NBS confirms rising prices of garri, beans, other foodstuffs
The National Bureau of Statistics (NBS) has said that Nigeria’s headline inflation rate in May 2024, increased from 33.69% recorded in April to 33.95%. The Bureau which made this known in its May report published on its website said that the inflation rate in May increased by 0.26% points when compared to the April record.
Nigeria Economic Situation worsens as April Inflation Figure surfaces
In April 2024, the headline inflation rate rose to 33.69%, up from 33.20% in March 2024, marking an increase of 0.49% points according to the Nigeria Bureau of Statistics (NBS). Comparing year-on-year data, the inflation rate in April 2024 was 11.47% points higher than in April 2023, where it stood at 22.22%. This indicates that