July 2023 CPI Report | Removal of PMS Subsidy & FX Liberalization Bites Hard
Earlier this week, the National Bureau of Statistics (NBS) released the inflation report for July 2023. Headline inflation spiked by 1.29% Year-on-Year (YoY) to 24.08% (vs 22.79% in June 2023), marking the highest rate recorded in Nigeria since the reconstitution of the Consumer Price Index (CPI) in 2009. The surge in Headline inflation is on […]
June 2023 Inflation Report | Consistent Shocks to Consumers’ Wallet
We recently published a report on Nigeria’s Inflation for June 2023. The report shows that inflation has continued to rise. Consequently, we highlight reasons for this sustained movement as well as investment strategies that investors can undertake in the coming months so as to mitigate against rising inflation. INFLATION DATA FOR JUNE 2023 According to […]
