Nigeria: Consumer price index rises by 92% in 2016

28 December 2016, Abuja — The Consumer Price Index (CPI), which is used to gauge inflation in Nigeria, increased significantly by 92 per cent in 2016, from 9.62 per cent in January, to 18.48 percent in November. This clearly showed that inflationary pressure was strong in 2016 as prices of goods and service rose astronomically […] More »