Nigeria’s Inflation Rate Hits 18.5% - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Nigeria’s Inflation Rate Hits 18.5% (499 Views)
Nigeria’s Inflation Rate Rises To 12.82% In July, As Food Prices Surge / Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs / Nigeria’s Inflation Hits 18.3% In October (2) (3) (4)
| Nigeria’s Inflation Rate Hits 18.5% by dipoolowoo: 6:55pm On Dec 15, 2016 |
By Modupe Gbadeyanka Latest report released by the National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate climbed to 18.5 percent in November 2016 from 18.3 percent it recorded in October. In an e-mailed statement on Thursday, December 15, 2016, the NBS disclosed that food inflation increased by 17.2 percent, while the average price of petrol climbed to N146.7 compared to N145.9 in October. Business Post gathered that this is the 13th consecutive month the Nigerian inflation rate has accelerated. This comes despite the Central Bank of Nigeria (CBN) has kept the main lending rate at a record-high to balance price pressures with supporting a slumping economy. According to the report, the index’s rise was mainly driven by increases in the prices of imported foods, meat, bread and cereals and fish. It was also gathered that prices increased 0.78 percent in the month. It is expected that in 2017, things will start getting better as President Muhammadu Buhari expressed on Wednesday when he presented the 2017 budget to the National Assembly. http://www.businesspost.ng/2016/12/15/nigerias-inflation-rate-hits-18-5/
|
| Re: Nigeria’s Inflation Rate Hits 18.5% by herzern(m): 6:56pm On Dec 15, 2016 |
Followinq. |
| Re: Nigeria’s Inflation Rate Hits 18.5% by Nobody: 7:00pm On Dec 15, 2016 |
I GIVE UP 1 Like |
| Re: Nigeria’s Inflation Rate Hits 18.5% by ThumbzTNA(m): 7:08pm On Dec 15, 2016 |
It is hopeless now |
| Re: Nigeria’s Inflation Rate Hits 18.5% by OKDnigeria: 7:10pm On Dec 15, 2016 |
As usual, they will blame past govts for this |
| Re: Nigeria’s Inflation Rate Hits 18.5% by psucc(m): 7:21pm On Dec 15, 2016 |
From 9% to 18. And some misinformed dudes are telling me their Buhari will reverse recession where don enter gear 3 |
| Re: Nigeria’s Inflation Rate Hits 18.5% by eezeribe(m): 7:40pm On Dec 15, 2016 |
Bad |
(1) (Reply)
Lagos Government Promises Steady Electricity And Grants To Yaba Startups(photos) / Need Help On Starting A Bakery Business / Make Money This Valetine And Always
(Go Up)
| Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9 |