Nigeria’s inflation remains high at 34.19%, with the CBN contemplating another interest rate hike as food inflation and economic pressures persist.
Nigeria inflation
-
-
Nigeria’s inflation reaches 34.19% in June 2024, fueled by surging food prices. The NBS report highlights economic challenges.
-
Tomato prices in Nigeria remain high due to seasonal factors, inflation, and security issues, affecting consumers and farmers alike.
-
Despite the Naira’s recent appreciation, prices in Nigeria continue to rise, defying expectations. Economists predict a slow transition to lower market prices.
-
In a striking bid to curb inflation, Nigeria’s CBN aggressively increases the MPR and CRR, igniting debates on economic impacts and future stability.
-
In a recent report, the National Bureau of Statistics (NBS) disclosed that Nigeria’s inflation rate surged to 25.80% in August 2023, marking a 1.72% increase from the previous month’s figure…