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The post Nigeria’s currency has fallen to a record low as inflation surges. ... released Thursday showed the inflation rate in January rose to 29.9%, its highest since 1996, mainly driven by ...
The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%, its highest since 1996, mainly driven by food and non-alcoholic beverages. ... of Abuja have ...
In 2005 Nigeria's inflation rate was an ... said the facility has a daily capacity to crack 1,000,000 coconuts and will ... Since 2009, Nigeria has been laying new ...
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
The Central Bank of Nigeria claimed that they attempted to control the annual inflation rate below 10%. In 2011, the CBN increased key interest rate six times, rising from 6.25% to 12%. On 31 January 2012, the CBN decided to maintain the key interest rate at 12%, in order to reduce the impact of inflation due to a reduction in fuel subsidies. [14]
Economists expect the latest official data to reveal Consumer Prices Index inflation jumped to 10.7% last month from 10.1% in September. Inflation set to leap to new 40-year high after eye ...
In March 2024, Nigeria's food inflation rate reached 40.01% year-on-year, driven by currency depreciation, supply chain disruptions, and rising agricultural input costs. Essential food items like garri, millet, and yam tubers saw significant price hikes. This inflation exacerbates food insecurity and reduces household purchasing power. [52]
Police fire tear gas during a protest against Nigeria's cost-of-living crisis in Abuja on Aug. 1, 2024. ... but there have been no executions in the country since 2016. ... The inflation rate is ...