Inflation rate
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Nigeria’s headline inflation rate declined to 33.40 percent in July after a persistent rise in almost two years, the latest report released Thursday by the country’s statistics bureau showed. The consumer price index, a main gauge of inflation, declined by 0.8 percent compared to the 34.19 percent recorded in June, according to the National Bureau…
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Ghana’s central bank on Friday announced that it would deepen its strong monetary policy stance despite the recent reductions in the inflation rate. Ernest Addison, governor of the Bank of Ghana, reiterated this resolve during a press briefing after the central bank’s latest meeting of the monetary policy committee (MPC) to assess the economy. Addison…
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The rate of inflation has remained at 4%, confounding expectations of a rise, official figures show. The consumer price index measure of inflation stood at 4% in January, the Office for National Statistics (ONS) said. It was also 4% in December. Chancellor Jeremy Hunt said: “Inflation never falls in a perfect straight line, but the…
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