Inflation - Skypenewsnaija

[UPDATED] Nigeria’s Inflation Climbs To 15.38% In March

Nigeria’s headline inflation rate rose to 15.38% in March 2026, reflecting a modest increase from the 15.06% recorded in February. This is according to the latest data from the National Bureau of Statistics (NBS). The Consumer Price Index (CPI) increased to 135.4 in March 2026, reflecting a 5.4-point increase from the preceding month (130.0). In […]

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April 15, 2026
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World

US inflation surges 3.3% as Iran war impact bites

Inflation in the United States rose sharply in March, government data showed Wednesday, as higher energy prices due to the war in the Middle East hit Americans hard. The nationwide sticker shock put pressure on President Donald Trump, who has ordered peace talks with Iran and faces mid-term elections in November. The rate of inflation […]

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April 11, 2026
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World

Brazil Inflation Rises As Fuel Costs Surge Amid Iran War

Inflation in Brazil edged higher to 4.14 percent year-on-year in March, official data showed Friday, driven by higher fuel costs amid a global energy shock prompted by the war in the Middle East. The main driver of higher inflation was the price of gasoline, which rose 4.59 percent in March, driving up transport costs, according […]

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April 11, 2026
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World

World Bank warns oil prices surge may raise Nigeria’s inflation by 3.1

The World Bank has cautioned that the ongoing surge in global oil prices could directly increase Nigeria’s headline inflation by about 3.1 percentage points, as higher fuel costs ripple through the economy. In its latest Nigeria Development Update released in Abuja, the Bank highlighted distortions in the downstream sector, noting that imported petrol is currently […]

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April 8, 2026
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Economy

Fuel costs drive food inflation as Lagos traders, shoppers struggle

Alhaji Abiodun Kosoko has blamed rising fuel prices for surging food costs, warning that transport expenses are squeezing traders and deepening hardship for consumers across Lagos. Kosoko, Baba Loja General of Agbado Oke-Odo LCDA, spoke during a visit by News Agency of Nigeria (NAN) to Ile Epo Market, describing a sharp disconnect between foot traffic […]

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April 5, 2026
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