Inflation
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15 Apr
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6 Apr
Consumer prices in the eurozone went down further in March than economists expected. But analysts are still not predicting an immediate cut in interest rates from the European Central Bank
5 Apr
In January 2024, food inflation hit a whopping 35.41% making the increased economic burden too much for the backs of Nigerians to bear. The Guardian Nigeria went out to hear the plight of Nigerians with regards to how the new inflation rate is affecting their lives and that of their businesses.
23 Mar
Figures from the National Bureau of Statistics (NBS) in Nigeria show that the country's general inflation rose to 31.70% in February, which represented an increase of 1.80% compared to teh date registered in January.
29 Feb
Although Nigeria pumps crude oil, its refineries are so dysfunctional they have been closed down, so it imports almost all its refined fuel. Rising domestic consumption thus weighs on the current account.
26 Feb
As shoppers await price cuts, retailers like Home Depot say their prices have stabilized and some national consumer brands have paused price increases or announced more modest ones. Yet some industry watchers predict deflation for food at home later this year.
6 Feb
World Gold Council forecasts purchases of the commodity this year are unlikely to meet 2023 levels, where they hit an all-time high and also the second highest year in history of central banks buying gold. But is gold still a safe hedge against inflation in Nigeria?
19 Jan
Food price increases have seen the consumer inflation rate in Africa's largest economy hit its highest level since 1996.
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