Just In: Rate Of Inflation Increases, Hits 11.44% | Nigeria News
Connect with us


Business

Just In: Rate Of Inflation Increases, Hits 11.44%

Published

CPI Measures Inflation At 11.44%

The consumer price index, (CPI) which measures inflation increased by 11.44 percent (year-on-year) in December 2018.

This was contained in the December 2018 CPI/Inflation report released by the National Bureau of Statistics released today, all the divisions that contribute to headline index increased.

Recall that CPI, had measured inflation to be at 11.26% in October from 11.28% recorded in September last year.

This is even as prices of food increased in four states of the country between September and October, 2018.

More to follow…


Download Naija News App.   Advertise with us.   Send us enquiries and press releases.


is an opinionated and creative writer, and teacher. You can reach me via busayo@naijanews.com




Naija News Exchange Monitor
Currency Interbank Rate Parallel Rate
USD ₦307 ₦360
GBP ₦385 ₦463
EUR ₦346 ₦407

Last Modified: 16 July, 2019 at 9:45 am