Tag: headline inflation

Nigeria’s headline inflation rises to 13.71% in September

Nigeria’s headline inflation for the month of September recorded a 49-basis point rise to 13.71 per cent year-on-year, compared to the 13.22 per cent recorded in August. Food inflation increased for the 14th consecutive month to 16.66 per cent year-on-year. Financial Derivatives say Nigeria’s upward inflationary pressures are exerted by a string of factors compounded by the electricity tariff hike, currency weakness and forex scarcity. Funmi Adebowale, Research Analyst at Financial Derivatives joins CNBC Africa for more.

S&P downgrades Ghana’s foreign & local currency to B-

Mozambique’s headline inflation remained unchanged at 2.8 per cent year on year in August and S&P Global Ratings downgraded Ghana’s long-term foreign and local currency sovereign ratings from B to B- as the COVID-19 pandemic will exacerbate the country’s fiscal challenges, with government debt increasing to over 70 per cent of GDP in 2020. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.

Nigeria’s headline inflation rises for 7th month in a row

Nigeria's headline inflation rose for the seventh consecutive month in March, expanding by 6 basis points to 12.26 per cent, while food inflation also rose to 14.98 per cent. Sam Chidoka, Managing Director of Kairos Capital joins CNBC Africa for more.

Ghana’s June inflation drops to 9.1%

Ghana’s June headline inflation came in at 9.1 per cent, compared to the 9.4 per cent recorded in May. John Gatsi, Head of Finance Department at the University of Cape Coast (UCC) joins CNBC Africa for more.

Nigeria’s January inflation drops to 11.37%

Nigeria’s January headline inflation declined to 11.37 percent year-on-year representing compared to 11.44 percent recorded in December 2018.

Nigeria’s inflation drops to 11.26% in October

Nigeria’s headline inflation dropped to 11.26 per cent in the month of October representing a 0.02 per cent decline from 11.28 per cent recorded in September this year. Rita Chiemenem, Fixed Income Dealer joins CNBC Africa to discuss the details and trade activities in Nigeria’s fixed income and forex market.

Nigeria’s inflation rate rises again

Nigeria’s headline inflation rose for the second time this year to 11.28 per cent year-on-year in September. Ajike Taiwo, Research Analyst at FSDH Merchant Bank joins CNBC Africa to discuss the facts behind the numbers.

Nigeria’s inflation projected to drop in February

Nigeria’s inflation projected to drop in February