inflation

Inflation

Nigeria’s Inflation Rises To 11.61%

November 19, 2019 2:56 am
National Bureau of Statistics (NBS) yesterday, said that inflation rose by 11.61 per cent (year-on-year) in October 2019 from 11.24 per cent recorded in September, 2019 with major increases recorded in food. On a year-on-year basis, the composite food index rose by 14.09 per cent in October 2019 compared to 13.51 per cent in September 2019. 

“This rise in the food index was caused by increases in prices of meat, oils and fats, bread and cereals, potatoes, yam and other tubers, fish and vegetables. On a month-on-month basis, the food sub-index increased by 1.33 per cent in October 2019, up …

South Africa’s Inflation Slows To 4.1% In September

South Africa’s Inflation Slows To 4.1% In September

October 23, 2019 7:52 am

South Africa’s headline consumer inflation slowed to 4.1 percent year-on-year in September, from 4.3 percent in August, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, price-growth was flat, at 0.3 percent, the same rate of increase as in the previous month.

READ ALSO: NADECO Not Formed Because Of June 12 – Osoba

Core inflation – which excludes the prices of food, non-alcoholic beverages, petrol and energy – slowed to 4 percent year-on-year in September versus 4.3 percent in August, while on a month-on-month basis prices rose 0.2 percent, compared with a 0.1 percent increase in the …

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