The already alarming headline inflation rate in Nigeria has increased to 22.79 percent.The hardship being felt by the majority of people has gotten worse as a result of this development.Despite the Central Bank of Nigeria's efforts to halt the trend, the country's inflation rate increased six times in a row in June, according to the National Bureau of Statistics Consumer Price Index (CPI).The Monetary Policy Rate (MPR) of 18.5 percent, which the CBN had continued to...

Nigeria’s April inflation figure on Monday increased to 22.22 percent from 22.04 percent last month.The National Bureau of Statistics Consumer Price Index report released Monday disclosed this.The data represented a 0.18 percent increase from April’s inflation figure.On a month-on-month basis, the All-Items Index in April 2023 was 1.91%, 0.05% points higher than the rate recorded in March 2023 (1.86%). This means that in April 2023, on average, the general price lev...

The three months of rising inflation in 2023, with the recent figure standing at 22.04 per cent, has put pain, frustration and agony in the faces of Nigerians and the country’s economy.DAILY POST reports that like a drowning person, Nigerians are overwhelmed by the rising food prices and the cost of goods and services. It is now a commonly accepted reality that there is no time one visits the market without an increase in the prices of goods and services.The prices...