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Why February inflation rate was inevitable – Experts

Financial experts on Tuesday said the February inflation figure of 17.33 per cent was inevitable due to drop in agriculture production and price hikes in electricity and petroleum. They spoke

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Food prices push inflation to 17.33%

By Emmanuel Elebeke The National Bureau of Statistics, NBS, says the consumer price index (CPI) which measures inflation increased by 17.33 per cent (year-on-year) in February 2021. The rise is

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Local production value drops by N5.02tr amid N577.61b unsold goods

Local manufacturers have decried the rising level of inventory, especially for unsold manufactured goods, adding that declining disposable income of consumers, as well as rising inflation The post Local production

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Global stocks mostly fall amid angst at inflation risk

Global stock markets mostly fell Wednesday, with investors worried about high-flying share prices and the potential for inflation to spiral. The post Global stocks mostly fall amid angst at inflation

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Rising inflation compounds manufacturing downturn – MAN DG

The Manufacturers Association of Nigeria (MAN) has described the January 2021 inflation rate of 16.47 per cent as a threat to the envisaged manufacturing and industrial sectors recovery and the