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7 stories tagged nbs.
The consumer price index (CPI), a key indicator of inflation that measures the rate of change in prices of goods and services, has increased to 22.79 percent in Nigeria for the month of June 2023. This marks a slight…
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 22.41 percent in May 2023, up from 22.22 percent in the previous month. The country’s May inflation data is…
Nigeria's inflation rate has risen to 21.91 percent in February 2023, up from 21.82 percent in the previous month. The percentage represents a 0.09% point increase. This was disclosed in a recent Consumer Price Index…
The International Monetary Fund (IMF) says the weight used by the National Bureau of Statistics (NBS) to calculate the monthly consumer price index (CPI) is “severely outdated”. The CPI is used to measure inflation by…
The National Bureau of Statistics (NBS) says 133 million Nigerians are multidimensionally poor. Multidimensional poverty encompasses deprivations experienced by poor people — such as poor health, lack of education,…
Nigeria’s inflation rate has risen to 21.09% in October 2022, up from 20.77% in September. This is coming as food inflation in October 2022 increased to 23.72% from 18.34% in the corresponding Month last year. The…
The National Bureau of Statistics, NBS, said the price of cooking gas on a year-on-year basis increased by 101.17 per cent in August 2022 compared with August 2021. The average price of 5kg of cooking gas increased from…
