Browsing: Inflation

Nigeria’s headline inflation increased by 72 basis points to 34.60% year on year in November due to price instability, from 33.88% in October, according to the statistics office.

The average yield on Nigerian Treasury bills declined by five or 5 basis points (bps) in the secondary market to 25.2%, traders said in separate notes.

Employment is down for the first time in seven months as Nigeria’s inflation rate hampered private sector growth

Investors who bought 364-day tenored Treasury bills at the Central Bank of Nigeria’s (CBN) primary market auction received a 50 basis point increase in the spot rate.

Local investors increased their bets on Nigerian Treasury bills in the secondary market ahead of the Central Bank of Nigeria’s primary market auction schedule to hold on Wednesday.

The U.S. consumer price index (CPI) which measures inflation rate, increased to 2.6% in October, according to data released today.  The consumer price index increased by 0.2% month over month and 2.6% from the year-earlier period, as expected.

Post election trading pattern saw the US dollar strengthening against its major trading partners in the forex markets early Tuesday ahead of the release of consumer sentiment reading, the first for November, and New York Federal Reserve’s inflation expectations report for October.

South African Annual consumer inflation cooled for a fourth consecutive month, easing to 3,8% in September from 4,4% in August, statistics office

The International Monetary Fund (IMF), says global growth is projected to remain unchanged at 3.2 per cent in 2024 and 2025, as Inflation recedes.

In Ethiopia, consumer price index (CPI) has remained under pressure amidst government efforts to keep macroeconomic performance sturdy.