For instance, central banks such as the Federal Reserve rely on CPI to shape monetary policy aimed at keeping prices stable. Calculation Methodology The Ministry of Statistics and Programme ...

In a perfect world, the COLAs and inflation would increase in lockstep so that your Social Security checks' buying power ...

The DA and DR get revised twice a year – for the January-June and July-December cycles. Since the AICPI data for the last ...

The NBS has justified these changes by citing the substitution effect and evolving income dynamics—a standard rationale in inflation calculations. Will there be a reduction in inflation rate? Analysts ...

Imo State has emerged as the most expensive state to live in Nigeria following the rebasing of the Consumer Price ...

Imo’s food inflation stood at 16.80 per cent . Prior to the rebasing, food accounted for over 50 per cent of the CPI calculation. With the revised structure, the influence of food prices has ...

Trump's tariffs are used as negotiation tools with uncertain long-term effects on inflation and the US dollar's strength.

Nigeria’s inflation rate has dropped to 24.48% year-on-year in January 2025, according to the latest report from the National ...

The National Bureau of Statistics (NBS) have released shocking figures showing that inflation is down, in the newly rebased ...

The Consumer Prices Index (CPI) rose by 3.0% in the 12 months to January 2025, up from 2.5% in the 12 months to December 2024 ...