INFLATION WATCH – NOVEMBER 2022
Headline Inflation rose to 21.47% in November 2022 Nigeria’s inflation for November 2022 quickened to 21.47% Y-o-Y (Est. +21.30%), an increase of c.0.38% from 21.09% Y-o-Y recorded in October 2022. In addition, the headline inflation grew at 1.39% M-o-M…
Q3’2022 GDP Highlights
Nigeria Q3’2022 GDP grew by 2.25% Y-o-Y •The National Bureau of Statistics (NBS) released the Gross Domestic Product (GDP) figures for Q3 2022, reporting a real economic growth of +2.25% Y-o-Y (Bloomberg’s estimate +2.90%). •The Q3 2022 growth rate…
INFLATION WATCH – OCTOBER 2022
Headline Inflation rose to 21.09% in October 2022 Nigeria’s Consumer Price Index (CPI) for the month of October 2022 accelerated to 21.09% Y-o-Y (lower than Bloomberg median estimate +21.30%), an increase of c.0.32% from 20.77% Y-o-Y recorded in the…
INFLATION WATCH – SEPTEMBER 2022
Headline Inflation rose to 20.77% in September 2022 Nigeria’s Consumer Price Index (CPI) for the month of September 2022 accelerated to 20.77% Y-o-Y (vs Bloomberg median estimate +21.00%), an increase of c.0.25% from 20.52% Y-o-Y recorded in the month of…
MPC HIGHLIGHT – SEPTEMBER 2022
The Monetary Policy Committee (MPC) concluded its 2-day meeting today and raised the benchmark interest rate by 150bps, from 14.00% to 15.50%. Please see below, a summary of the committee’s decisions: MPR increased to 15.50% from 14.00% CRR increased to…
INFLATION WATCH – AUGUST 2022
Headline Inflation rose to 20.52% in August 2022 Nigeria’s Consumer Price Index (CPI) for the month of August 2022 hit a fresh 17-year high as it accelerated to 20.52% Y-o-Y (Bloomberg median estimate +20.50%), an increase of c.0.88% from 19.64% Y-o-Y…
Q2’2022 GDP Highlights
Nigeria Q2’2022 GDP grew by 3.54% Y-o-Y •The National Bureau of Statistics (NBS) released the Gross Domestic Product (GDP) figures for Q2 2022, reporting a real economic growth of +3.54% Y-o-Y (Bloomberg’s estimate +2.90%). •This represents a…
INFLATION WATCH – JULY 2022
Headline Inflation rose to 19.64% in July 2022 Nigeria’s Consumer Price Index (CPI) for the month of July 2022 accelerated to a near 17-year high of 19.64% Y-o-Y (Bloomberg median estimate +19.40%), an increase of c.1.04% from 18.60% Y-o-Y recorded in…
MPC HIGHLIGHT – JULY 2022
Nigeria’s Monetary Policy Committee (MPC) increased its benchmark interest rate for a second successive meeting – the first time in more than a decade – to curb the accelerating inflation. The MPC voted unanimously to hike the rate by 100 basis points…
INFLATION WATCH – JUNE 2022
Headline Inflation in Nigeria increased to 18.60% in June 2022 Nigeria’s Consumer Price Index (CPI) for June 2022 printed higher at 18.60% Y-o-Y (Bloomberg median estimate +18.50%), an increase of c.0.89% from 17.71% Y-o-Y recorded in May 2022. The…
