The consumer price index (CPI) surged to 21.09 percent in October 2022, a new report by National Bureau of Statistics (NBS) has shown. The CPI is up from 20.77 percent in…
Tag: inflation
Why Central Bank Of Nigeria Policies Can’t Bring Inflation Down
Inflation seems to be the buzzword in Nigeria these days. It comes as no surprise, though, given the near-unprecedented rise in the prices of goods and services in the country in recent…
High Inflation Rate Pushed 7 Million Nigerians Into Poverty In 2020 – World Bank
The World Bank has disclosed that an estimated 7 million Nigerians may have been pushed into poverty in 2020 due to rising prices alone without considering the direct impacts of COVID-19….