inflation rate – InfoStride News

Inflation Moderates to 14.45% as Private Sector Urges Credit Access for Small Businesses

Temitope Nlewemchi — Tue, 16 Dec 2025 14:30:15 +0000

Nigeria’s inflation rate eased to 14.45 per cent, providing cautious optimism for the economy as organised private sector groups renewed calls for stronger credit support for micro, small and medium enterprises to sustain growth and employment. Reports by Punch and other Nigerian news outlets indicate that the moderation in inflation reflects a slowdown in price [...]

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Nigeria’s Inflation Rate Drops Further to 18.02% as Food, Energy Prices Ease

Temitope Nlewemchi — Wed, 15 Oct 2025 17:37:25 +0000

Nigeria’s inflation rate slowed for the third consecutive month in September 2025, falling to 18.02 percent from 18.56 percent recorded in August, according to the latest data released by the National Bureau of Statistics (NBS). The decline, though marginal, has been described by economists as a welcome development, suggesting that ongoing monetary and fiscal policy [...]

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NBS Reports Fifth Consecutive Decline in Nigeria’s Inflation Rate

Temitope Nlewemchi — Mon, 15 Sep 2025 17:02:41 +0000

Nigeria’s inflation rate has recorded its fifth consecutive monthly decline, according to the latest data released by the National Bureau of Statistics (NBS). This development has been welcomed as a positive sign for Africa’s largest economy, which has been battling persistent price pressures over the past three years. The moderation in inflation is being seen [...]

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Financial experts divided as the Monetary Policy Committee maintains rate amid inflation concerns

Temitope Nlewemchi — Wed, 23 Jul 2025 15:32:01 +0000

Nigeria’s Monetary Policy Committee (MPC) has chosen to retain the benchmark interest rate at 27.5%, a decision that has elicited mixed reactions among economists, market practitioners, and business stakeholders. This hold reflects an uneasy equilibrium: policymakers are walking a tightrope between high inflation and the risk of stifling economic growth, while observers debate whether the [...]

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LCCI predicts decline in inflation and forthcoming interest rate reductions

Temitope Nlewemchi — Fri, 18 Jul 2025 13:37:21 +0000

The Lagos Chamber of Commerce and Industry (LCCI) has offered a cautiously optimistic projection that Nigeria’s inflation rate will continue its downward trajectory, paving the way for imminent interest rate reductions from the Central Bank of Nigeria (CBN). In its latest macroeconomic outlook, the chamber highlighted improving price dynamics, a stabilising naira, and easing food [...]

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High Petrol Prices Push Inflation to 32.70% – Report

Temitope Nlewemchi — Wed, 16 Oct 2024 13:23:22 +0000

Nigeria’s inflation rate has soared to 32.70% in September 2024, largely driven by the skyrocketing cost of petrol and other fuel products, according to the latest report from the National Bureau of Statistics (NBS). This marks a significant increase from the 30.80% recorded in August and continues the upward trend that has plagued the country [...]

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OPS Attributes Highest Inflation in 21 Years to Struggling Naira

Temitope Nlewemchi — Tue, 16 Jan 2024 12:02:55 +0000

The Organised Private Sector (OPS) has identified the struggling state of the Nigerian Naira as a key factor contributing to the highest inflation rate in 21 years. This acknowledgment sheds light on the intricate relationship between currency performance and inflationary pressures in the country. The OPS, representing the organized business community, points to the challenges [...]

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Nigeria Braces for Detty December Dilemma: Inflation Rockets to 27-Year High

Temitope Nlewemchi — Tue, 19 Dec 2023 22:05:23 +0000

Infostride News recently published the monthly Consumer Price Index (CPI) report for Nigeria, as released by the National Bureau of Statistics (NBS) last week Friday. The report unveiled a concerning headline inflation rate of 28.2% for November 2023. Notably, this marks the eleventh consecutive month of increase throughout the year, reaching the highest level since [...]

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Adapting to Inflation: Navigating Nigeria’s FMCG Terrain with Resilience

Temitope Nlewemchi — Fri, 24 Nov 2023 21:39:36 +0000

In a challenging economic climate, Nigeria’s Fast-Moving Consumer Goods (FMCG) industry is strategically anticipating and overcoming obstacles, despite facing a staggering 27.33% inflation rate. The economic landscape, marked by inflationary pressures, serves as both a test and an inducement for the FMCG sector, requiring a deep understanding of consumer behavior and industry dynamics in this [...]

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Rise in energy costs drives Nigeria’s transport inflation rate to highest level in 15 years

Temitope Nlewemchi — Tue, 18 Oct 2022 22:17:43 +0000

Nigeria’s transport inflation rose to a 15-year high of 18.74% in the month of September 2021, representing a 50-basis points increase compared to 18.24% recorded in the previous month. This is also the highest level since August 2007. This information is contained in the recently released Consumer Price Index (CPI) report by the National Bureau of Statistics [...]

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