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  • Articles,  Business & Finance,  Economy

    Nigeria’s inflation rate hits 19.64% in July 2022, the highest in 17 years

    Solomon Sele Ayebawanaemi / August 23, 2022

    An examination of the NBS inflation data shows that this is the highest since September 2005 when the inflation rate hit 24.32% year-on-year. On a month-on-month basis, the headline inflation rose by 1.82%…

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  • Economy

    Nigeria’s Inflation Rate rose to an 8-month High of 16.82% in April 2022

    Temiloluwa Babatunde / May 18, 2022

    We expect headline inflation to continue its upward trend in the coming months due to the supply disruptions that have ensued from the conflict in Eastern Europe which has left a mark on…

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    Economy

    Aftereffect of the festive season Leads to a Marginal Slowdown in Inflationary Pressure

    Temiloluwa Babatunde / February 19, 2022

    Looking further into the year, we recognize the possibility of upside inflation surprises, as the sub-par food harvests of last year could cause food supply to be slim during this year’s planting season,…

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  • Agencies

    Four Facts about Soaring Consumer Food Prices

    Abdulazeez Kuranga / June 24, 2021

    Rising world food prices for producers are making headlines and causing concerns among the public. The most recent data show a moderation in consumer food price inflation globally, but as we explain below,…

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  • Agencies

    Data Disruption: The Impact of COVID-19 on Inflation Measurement

    Joshua Olorunsaiye / November 18, 2020

    Lockdowns, working from home, and physical distancing caused people to spend larger shares of their household budgets on food and housing, while fewer people bought nonessentials, like airline tickets and clothing. And with…

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