URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Electoral Process In Nigeria deliberately Complicated To Enable Manipulation-Sen Ndume
    September 30, 2024
    PDP Imbroglio: How Factional NWC Suspends Nat’l Chair, Secretary  
    October 11, 2024
    Tinubu’s Cabinet Reshuffle Politically Motivated-Former Minister Shittu Says
    October 25, 2024
    Latest News
    Fubara’s Reinstatement-Atiku Insist Nothing To Cheer About, Insists Tinubu’s Action Illegal
    September 18, 2025
    Breaking: Ibas Makes Final Broadcast, Hands Over to Fubara
    September 18, 2025
    Why ADC Coalition Will Be Decimated Before 2027-Buba Galadima
    September 16, 2025
    2027: Salvador, Ex-Senatorial Candidate of LP, Joins ADC In Lagos
    September 14, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: Households, Businesses, Expect Nigeria’s Inflation Rate To Rise In Coming Months-CBN
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Uncategorized > Households, Businesses, Expect Nigeria’s Inflation Rate To Rise In Coming Months-CBN
Uncategorized

Households, Businesses, Expect Nigeria’s Inflation Rate To Rise In Coming Months-CBN

urbanexpresslive
Last updated: August 28, 2024 8:26 am
urbanexpresslive
Share
2 Min Read
SHARE

Taiwo Popoola

Nigerian businesses and households expect the inflation rate to rise in the next one to six months.

This is according to the Central Bank of Nigeria’s July Inflation Expectations Survey Report released on Tuesday.

The survey showed that respondents expect inflation to rise in the review months with indices of 37.4 for the next month, -26.3 for the next two months and -15.8 for the next six months.

However, the report showed respondents expect the inflation rate to gradually reduce over the next six months.

A further analysis indicated that businesses anticipate that the inflation rate will drop compared to households, with indices of -33.4 and -11.0 points for the next month and next six months respectively.

“Overall, both businesses and households believe that the inflation rate will rise further in the periods”, the survey stated.

It added that the expected inflation rate hike will be driven primarily by changes in energy prices, exchange rates and transportation costs.

The reports come weeks after Nigeria’s inflation declined to 33.40 Percent in July

 from 34.19 percent in June.

In the past months, the apex bank had continued to tighten Monetary policy measures such as the interest rate which stood at 26.75 percent to tame the inflation rate.

You Might Also Like

Attack In Kaduna Mosque; 12 Arrested For Hacking Man To Death

EPL: Why Chelsea Fan Calls for Co-owner Boehly to be Investigated

Tariffs: How Bitcoin Dropped Below $ 75,000

Contempt Claims: Natasha Arrives in Court As Judge Hears Akpabio Case

Arraignment: EFCC Set To Charge Yahaya Bello With Fresh Counts In Court Today

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Planned Disciplinary Committee To Curb Excesses Says LP, Inaugurates Members
Next Article How Four Nigerians Gets UK Jail Term For Forging 2,000 Marriage Documents
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

Fubara’s Reinstatement-Atiku Insist Nothing To Cheer About, Insists Tinubu’s Action Illegal
Discover Politics September 18, 2025
Breaking: Ibas Makes Final Broadcast, Hands Over to Fubara
Discover Politics September 18, 2025
Turning Ondo State into Global Tourist Destination
Column September 18, 2025
UCL: Why Kompany Reacts To Maresca’s Treatment of Sterling At Chelsea
Urban Sports September 17, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account