Inflation is a general increase in the price level of goods and services in an economy over time. When the general price level increases, each currency unit (USD, EUR, GBP, etc.) buys fewer goods and services. As such, inflation reflects a reduction in the purchasing power of money. This is actually an erosion of real […]
Nigeria: The woes of Naira devaluation and rising Inflation: Is Kemi Adeosun ready?
“The servicing and defense of the weakening naira with country’s accumulated foreign reserve is not sustainable with shrinking war chest.” – Emeka Chiakwelu, Policy Strategist at AFRIPOL The state and wellbeing of Nigeria’s economy is gradually but steadily losing its momentum and steam, while simultaneously taking its casualty. The first casualty is naira and […]
Greenwood Trading QE Talk Mounts on New EU Inflation Low
Greenwood Trading – Calls for the ECB to begin quantitative easing are likely to increase after inflation in the euro area slowed to 0.4%. Greenwood Trading: Pressure on European Central Bank President, Mario Draghi, for the commencement of a no-nonsense quantitative easing program is likely to increase after official data showed that inflation in the […]
Reliance Gas & Inflation
A fear psychosis is being created in the minds of the masses that come April 1, inflation will start raging in the country as gas prices shall be increased by the government. Is this propaganda based on facts or are some politicians spreading canards for electoral gains. The most common allegation is LPG price will […]
Inflation due to gas price hike misconceived: Reliance
A number of misconceptions have been floating around the issue of gas price hike. One such misconception is that the Government will increase fertilizer prices immediately, with the increase in gas price. It is alleged that this shall lead to increase in prices of all food grains produced by the farmers. We want to place […]
Nigeria Inflation at 9.1%, GDP 6.56%, Interest rate 12%: What next for the economy?
http://afripol.org Nigeria inflation rate in 2013 continues to be below 10 percent for the fourth month in a role. According to the numbers coming from The National Bureau of Statistics (NBS), the 2013 April inflation rate stood at 9.1 per cent, much higher that of March 2013 which was 8.6 percent. "Sanusi and his gang […]
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