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Inflation Declines For 17th Time To 11.23% - Politics - Nairaland

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Inflation Declines For 17th Time To 11.23% by ManirBK: 6:25am On Jul 24, 2018
The rate at which prices of goods and services in Nigeria rose in June has continued to decline as the Consumer Price Index (CPI) which measures inflation increased by 11.23 percent year on year as against 11.61 per cent which it was in May 2018.
The decline is 0.37 per cent points less than the rate recorded in May 2018 and represents the 17th consecutive disinflation since January 2017. According to the National Bureau of Statistics (NBS) yesterday, increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yield the Headline index.
On a month-on-month basis, the headline index increased by 1.24 per cent in June 2018, up by 0.15 per cent points from the rate recorded in May 2018. The urban inflation rate eased by 11.68 per cent year on year in June 2018 from 12.08 percent recorded in May 2018, while the rural inflation rate also eased 10.83 per cent in June 2018 from 11.20 per cent in May 2018.
On month-on-month basis, the urban index rose by 1.24 per cent in June 2018, up by 0.14 from 1.10 per cent recorded in May 2018, while the rural index also rose by 1.23 per cent in June 2018, up by 0.15 per cent from the rate recorded in May 2018.
The corresponding 12 month year on year average percentage change for the urban index was 14.71 per cent in June 2018. This is less than the 15.10 per cent reported in May 2018, while the corresponding rural inflation rate in June 2018 was 14.08 per cent compared to 14.53 per cent recorded in May 2018.https://leadership.ng/2018/07/24/inflation-declines-for-17th-time-to-11-23/
Mynd44 lalasticlala oam4j

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Re: Inflation Declines For 17th Time To 11.23% by ManirBK: 6:25am On Jul 24, 2018
Carry on PMB, nothing good comes easy and I still maintain my optimism that you will do your best and leave the rest inshallah .

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Re: Inflation Declines For 17th Time To 11.23% by Mynd44: 6:27am On Jul 24, 2018

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