Nigeria’s December inflation rate climbs to 18.55%
16 January 2017 |
3:59 pm
Nigeria's inflation continued its uptick for the eleventh consecutive month, with December Inflation figures reaching 18.55 per cent.
Related
31 Dec
Consumers can expect more price rises in 2023 and 2024 as energy costs remain elevated, the head of a group of experts advising the German government said.
7 Jan
France's cost of living crisis shows signs of stabilizing, as inflation dropped from 7.1% to 6.7% in December. It's among the lowest levels in the Eurozone, but many households and businesses are still struggling. French bakers are asking for more financial aid, with the cost of flour up a staggering 45%.
5 Jan
France's cost-of-living crisis shows signs of stabilising, as inflation dropped from 7.1 percent to 6.7 percent in December. It's among the lowest levels in the eurozone, but many households and businesses are still struggling.
9 Jan
Inflation in the 19 countries using the euro stood at 9.2% year-on-year in December. Having peaked in October at 10.6%, a slight reduction in the pace of inflation is prompting hopes of the peak having passed.
21 Jan
Inflation in Germany stood at an aggregate of 7.9% for 2022, official figures show. That's the highest it's ever been in Germany's post-war history. Food and fuel prices in particular drove consumer prices skyward.
5 Feb
A building-price explosion has ruined Germany's apartment-building plans. The rental market is becoming nightmarish, and experts say the government hasn't even begun to grasp the scale of the crisis.
13 Feb
The European Commission has revised its economic forecasts upwards slightly, predicting growth of almost 1% in the bloc for 2023. Inflation is expected to slow but remain high, a little more so outside the eurozone.
16 Feb
Relentless rains in South Africa have claimed at least a dozen victims with the bad weather forcing the government to declare a national state of disaster. It comes less than a year after the country’s deadliest floods. And, as the civilian death toll rises from rebel fighting in Eastern Congo, more people are seeking refuge in the North Kivu town of Goma.
15 Feb
The government in Buenos Aires has imposed price caps on many goods to rein in runaway inflation. While the curbs are welcomed among low income locals, economists doubt they will remedy the country's persistent problem.
3 Mar
The annual inflation among the 20 nations that use the euro has fallen, but less than expected as food costs surge.
10 Mar
Food prices contributed to the high inflation rates, increasing even more than fuel prices. The prices of energy products were 19.1% higher year-on-year in February.
18 Mar
The US Federal Reserve faces a tricky balancing act, as it tries to navigate high inflation and instability in the banking sector. Alexander Yokum, of CFRA Research, says the collapse of Silicon Valley Bank and Signature Bank could affect the Fed's next interest rate decision, despite a 6 percent jump in consumer prices.
Latest
1 day ago
Angelina Jolie is collaborating with French luxury house Chloé to unveil hew new capsule collection for sustainable fashion label Atelier Jolie.
1 day ago
The spiritual leader of the world’s 1.3 billion Catholics has suffered several health issues in the last year, but the pontiff is recovering well from his operation, the Vatican has said.
1 day ago
France, Portugal and Spain, as well as the US, are joining the fight to put out hundreds of active wildfires in Canada. Heavy smoke from wildfires has traveled thousands of miles and shrouded many US cityscapes.
1 day ago
Northeastern states in the US are experiencing historically high levels of air pollution due to wildfires in Canada. Experts say these types of situations will only increase in the future as the climate warms.
1 day ago
English midfielder Jude Bellingham is set to leave Borussia Dortmund for Real Madrid, the Bundesliga club have confirmed. The teenager has scored 24 goals in 132 appearances for BVB.
1 day ago
The former US vice president is launching a bid for the White House. This is no normal set of circumstances for Mike Pence, who was loyal to former US President Donald Trump for years, only parting ways with him after the Jan. 6 attack on the US Capitol. Pence is polling in the single digits and along with former New Jersey Governor Chris Christie is entering a growing field of Republican candidates challenging Donald Trump, who is the current frontrunner by far.