Inflation Increases by 18.55% in December 2016

  By Juliana Agbo The National Bureau of Statistics, NBS, has released a report which states that Consumer Price Index (CPI) which measures inflation, increased by 18.55% in December 2016.   The report which was published yesterday indicated that in December 2016, inflation was 0.07 percentage points higher from the 18.48 per cent recorded in November.   This is an 11-year high record, corresponding with the rate as at November 2005. Read More »