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Nassarawa, Delta, Ebonyi, Sokoto And Niger Have The Highest Food Inflation rate / Nigeria's Inflation Rate Rises Less Than Forecast / Nigeria’s Inflation Rate Hits 16.5%, Highest Point Since 2005 (2) (3) (4)
Nigeria’s Inflation Rate For August Hits 17.6% - NBS by megawax8: 11:07am On Sep 16, 2016 |
The National Bureau of Statistics (NBS) has just released the inflation rate for the month of August, 2016. In August the Consumer Price Index (CPI) which measures inflation increased by 17.6% (year-on-year), 0.5% points higher from the rate recorded in July (17.1%). The major divisions responsible for accelerating the pace of the increase in the headline index were Housing, Water, Electricity, Gas and Other Fuel, Education and Transportation Services. The Food Index rose by 16.4 percent (year-on-year) in August, up by 0.6 percent points from 15.8 percent recorded in July. During the month, all the major food groups contributed to the increase in the Food sub-index, however the pace of increase was slowed by Fruits, Potatoes, Yam and other Tubers as well as Oils and Fats, which reported slower increases during the month. In addition, imported foods as reflected by the Imported Food Sub-index increased by 0.2% points from July to 20.7% in August. Price movements recorded by the All Items less farm produce or Core sub-index increased by 17.2 percent (year-on-year) in August, up by 0.3 percentage points from rates recorded in July (16.9 percent). During the month, the highest increases were seen in Solid fuels, Vehicles parts Books & Stationeries and Clothing and other articles of clothing. On a month-on-month basis, the Headline index rose by 1.0 percent in August, marginally lower than the 1.3 percent recorded in July. This is the third consecutive month of a slower pace of increase in the Headline Index. For more details, you can go through the full report here: http://www.nigerianstat.gov.ng/report/443 INFOGRAPHICS attached below: |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by megawax8: 11:08am On Sep 16, 2016 |
cc dominique puskin |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by rozayx5(m): 1:15pm On Sep 16, 2016 |
cc lalasticlala seun down down we go no economist in this current govt. just a gathering of dullards led by a grand commander of dullards they should keep on breaking the records. those that voted him.cant afford the cost of living. they are exchanging their kids for rice in the north and and lining up for five hundred naira from kashamu in the west .. .............................as for me am braced for him. i expected this and as long internet functions in Nigeria some of us wont feel it . the illiterate voters unluckily will bear the brunt bitter truth keep it up. one day na one day. the british business venture called Nigeria will close 58 Likes 4 Shares |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Vicadonis(m): 2:13pm On Sep 16, 2016 |
It is finished 26 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by bettercreature(m): 2:13pm On Sep 16, 2016 |
Vicadonis:Who told you so? |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by anonimi: 2:13pm On Sep 16, 2016 |
DullardPoo, thank you! Zombies, thank you!! Buharideens, thank you!!! www.nairaland.com/attachments/4180477_1392483210143001453357818500537568220443822n_jpeg744fcdbcdbc4f5b147d46800faffe62b www.nairaland.com/attachments/3481039_bu4_jpeg056c668987c2003dffe9a36882b597c2 www.nairaland.com/attachments/4154190_foodprotectionbuhari_jpegc1990d1e353277144a6e91114e752e25 32 Likes 3 Shares |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by nototribalist: 2:14pm On Sep 16, 2016 |
Why is Buhari so wicked 37 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Nobody: 2:14pm On Sep 16, 2016 |
1 Like |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by vivaciousvivi(f): 2:14pm On Sep 16, 2016 |
My God! What kind of whahala is this? How do we start to get out of this mess? 11 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Nobody: 2:15pm On Sep 16, 2016 |
During the month, the highest increases were seen in Solid fuels, Vehicles parts Books & Stationeries and Clothing and other articles of clothing.How many of the bolded do we independently produced within the boundaries of this country? The bitter truth is that this inflation would continue till forever until we take the painful path of self-sufficiency. I don't know why Nigeria still imports clothes in large quantities when someone claimed to have revived it in 2013. The most annoying part is that of the fuel. 3 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by nototribalist: 2:15pm On Sep 16, 2016 |
WilliamXII:from your pot 22 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Freshwhyte(m): 2:16pm On Sep 16, 2016 |
buhari is bae |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by anonimi: 2:16pm On Sep 16, 2016 |
nototribalist: www.nairaland.com/attachments/4180476_14095705102101783635218576392401796817718849n_jpgb8be567de4beb96c904ab1ca5e5ab6aa 17 Likes 2 Shares |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by nototribalist: 2:16pm On Sep 16, 2016 |
Lol 18 Likes
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Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by MrPresident1: 2:18pm On Sep 16, 2016 |
Luke 21:25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring; We are going to Zimbabwe. Sai Barber! 7 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Mopolchi: 2:19pm On Sep 16, 2016 |
This gworochewingmaga dey scatter this country. 7 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Nobody: 2:19pm On Sep 16, 2016 |
1 Like |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Nobody: 2:20pm On Sep 16, 2016 |
I remember when we were taught inflation in SS2 ECONS, there was no ready example for galloping inflation. I hope the available ECONS textbooks are revised soon. The front cover should have the pictures of Buhari, Tinubu, Oshinbajo, Emefiele , Adeosun and one or two NL zombies 34 Likes 1 Share |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by salabscholar01(m): 2:20pm On Sep 16, 2016 |
ok |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by MrPresident1: 2:20pm On Sep 16, 2016 |
Jesus is coming soon, he who has an ear let him hear. The current economic challenges in Nigeria, and the global economic crisis are signs of the end of time. Repent, repent, repent!!! 14 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Firefire(m): 2:21pm On Sep 16, 2016 |
CHAIN-JI 8 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by UjGina: 2:21pm On Sep 16, 2016 |
apc chain 5 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Nobody: 2:23pm On Sep 16, 2016 |
Zombies would avoid this thread like kilode. I can't pollute my post with their mentions but they know themselves. May ur problems be astronomically inflated the way Buhari has inflated our economy. Can I get an Amen? 11 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by daniska3yaro(m): 2:23pm On Sep 16, 2016 |
Wtf |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Nobody: 2:23pm On Sep 16, 2016 |
Can this institution keep quiet and save us this unnecessary hoopla, we know the economy is down and need no further exaggerated figures to prove this. This was how this same NBS keeps dishing out favorable statistics on the GEJ administration which all came to become paper economics devoid of reality. |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Tripleclick(m): 2:24pm On Sep 16, 2016 |
ONE OF THE MAIN PURPOSE OF GOVT IS TO HELP FIRMS AND HELP TO SUBSIDIZE PRODUCTION MATERIALS WHICH HOWEVER WILL REFLECT IN OUTPUT THAT WILL BE CHEAPER FOR THE CITIZENS TO PURCHASE... WHEN BUHARI SAID "ERA OF FREE MONEY IS GONE" I WONDER WHAT HE MEANT... GOVT IS NOT A BUSINESS CENTER U RUN FOR PROFITS 1 Like |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Nobody: 2:27pm On Sep 16, 2016 |
franciskaine:Bross they're doing their job. If e pain you, chuk head inside sand 20 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Nobody: 2:27pm On Sep 16, 2016 |
Eya |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Jediel1(m): 2:27pm On Sep 16, 2016 |
8 Likes
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Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Nobody: 2:29pm On Sep 16, 2016 |
WilliamXII:don't mind them. The same figures they used in hoodwinking people during the time of GEJ, painting the economy to be all beautiful while in reality doom awaits us. 1 Like |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by Nobody: 2:29pm On Sep 16, 2016 |
J 13 Likes |
Re: Nigeria’s Inflation Rate For August Hits 17.6% - NBS by freshvine(f): 2:30pm On Sep 16, 2016 |
BUHARI promised he'll fight corruption. He didn't say he'll improve the economy. It was Jonathan shouting up and down during the campaign that he'll sustain the economy 9 Likes 1 Share |
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