The recent notification from the Ministry of Parliamentary Affairs, announcing a 24 per cent increase in the salaries, ...
As the purchasing power of each dollar declines, the general cost of living goes ... indexes that calculate the inflation rate in the U.S. are the Consumer Price Index (CPI) and the Personal ...
specifically using the cost inflation index (CII) published under the Income Tax Act, 1961. The sources said before this amendment, salary revisions were conducted on an ad hoc basis and required ...
Nigeria recently rebased its consumer price index (CPI ... many Nigerians may still feel that the cost of living remains high, particularly as food inflation remains a major concern.