Tag Archives: inflation

The governor of the Bank of England, Andrew Bailey, has shrugged off a smaller-than-expected drop in inflation last month, saying he expected a sharp fall towards the government’s 2% target next month. Speaking in Washington after news that the government’s preferred measure of the cost of living had eased to …

A report released by the National Bureau of Statistics (NBS) has revealed that the headline inflation in the country increased to 31.7 per cent in February 2024 from 29.9 per cent recorded in January 2024.   The recent figure is the highest level of inflation recorded in the country for …

Opinion Source YouTube: ABC News, CBS News Experts are speaking out to warn that surging gas prices could lead to even more inflation as the 2024 election year continues. Surging Gas Prices In Biden’s America “Increases in the two most-consumed fuels are outpacing those for crude oil in some of …

Tumbling energy costs and a price war between Britain’s supermarkets have slowed food inflation to its lowest rate for nearly two years in a boost for households trying to cope on stretched budgets. The cost of meat, fish and fruit dipped in February, meaning food prices rose 5% on last …

The federal government has revealed that it is trying its best to stem the rising inflation as well as stabilize the foreign exchange rates.   Minister of Information and National Orientation, Mohammed Idris gave the assurance on Sunday, January 28, in a statement issued in Abuja.   Idris said that …

They spoke with the News Agency of Nigeria (NAN) in separate interviews on Friday in Lagos, while reacting to the November food inflation index. They stressed the need for the establishment of commodities regulations for price regulation and control. NAN reports that the National Bureau of Statistics (NBS) in recent …

The new head of Turkey’s central bank said she has been priced out of Istanbul’s property market by rampant inflation.  Left with no choice, the former finance executive has moved back in with her parents.  “We haven’t found a home in Istanbul. It’s terribly expensive. We’ve moved in with my …

Nigeria’s inflation rate has increased to 26.72 per cent, marking a 0.92 per cent increase from the previous month’s 25.80 per cent.   The National Bureau of Statistics in a report released on Monday, October 16, linked the increased inflation to removal of petrol subsidies and the devaluation of the …

The Central Bank of Nigeria has said that Nigeria is still doing better than most African nations despite the high inflation witnessed across the country.    Acting Governor of the CBN, Folashodun Shonubi said this at the 2023 Zenith Bank International Trade Seminar in Lagos on Tuesday, August 8.    …

Economists in Sweden believe that the singer’s decision to start her world tour in Stockholm in May led to a surge in local hotel and restaurant prices. Prices rose by 9.7 percent in May year-on-year, down from 10.5 percent in April, the first time inflation came in under 10 percent …