dipoolowoo:
By Dipo Olowookere

The National Bureau of Statistics (NBS) said on Wednesday, January 16, 2019, that inflation rate in Nigeria increased to 11.44 percent in the month of December 2018.

In its inflation report today, the stats office noted that the rate was 0.16 percent points higher than the rate recorded in November 2018, which stood at 11.28 percent, adding that increases were recorded in all COICOP divisions that yielded the headline index.

The NBS said on month-on-month basis, the headline index increased by 0.74 percent in December 2018, up by 0.06 percent points from the rate recorded in November 2018, 0.80 percent.

It explained that the percentage change in the average composite CPI for the 12 months period ending December 2018 over the average of the CPI for the previous 12 months period was 12.10 percent, showing 0.31 percent point from 12.41 percent recorded in November 2018.

In addition, the urban inflation rate increased by 11.73 percent (year-on-year) in December 2018 from 11.61 percent recorded in November 2018, while the rural inflation rate increased by 11.18 percent in December 2018 from 10.99 percent in November 2018.

On a month-on-month basis, the urban index rose by 0.76 percent in December 2018, down by 0.07 from 0.83 percent recorded in November 2018, while the rural index also rose by 0.72 percent in December 2018, down by 0.06 percent from the rate recorded in November 2018, 0.78 percent, the NBS report said.

Furthermore, the corresponding 12-month year-on-year average percentage change for the urban index was 12.51 percent in December 2018, less than 12.83 percent reported in November 2018, while the corresponding rural inflation rate in December 2018 was 11.75 percent compared with 12.05 percent recorded in November 2018.

https://businesspost.ng/2019/01/16/nigerias-inflation-rises-to-11-44-in-december-2018-nbs/

dipoolowoo:
By Dipo Olowookere

The National Bureau of Statistics (NBS) said on Wednesday, January 16, 2019, that inflation rate in Nigeria increased to 11.44 percent in the month of December 2018.

In its inflation report today, the stats office noted that the rate was 0.16 percent points higher than the rate recorded in November 2018, which stood at 11.28 percent, adding that increases were recorded in all COICOP divisions that yielded the headline index.

The NBS said on month-on-month basis, the headline index increased by 0.74 percent in December 2018, up by 0.06 percent points from the rate recorded in November 2018, 0.80 percent.

It explained that the percentage change in the average composite CPI for the 12 months period ending December 2018 over the average of the CPI for the previous 12 months period was 12.10 percent, showing 0.31 percent point from 12.41 percent recorded in November 2018.

In addition, the urban inflation rate increased by 11.73 percent (year-on-year) in December 2018 from 11.61 percent recorded in November 2018, while the rural inflation rate increased by 11.18 percent in December 2018 from 10.99 percent in November 2018.

On a month-on-month basis, the urban index rose by 0.76 percent in December 2018, down by 0.07 from 0.83 percent recorded in November 2018, while the rural index also rose by 0.72 percent in December 2018, down by 0.06 percent from the rate recorded in November 2018, 0.78 percent, the NBS report said.

Furthermore, the corresponding 12-month year-on-year average percentage change for the urban index was 12.51 percent in December 2018, less than 12.83 percent reported in November 2018, while the corresponding rural inflation rate in December 2018 was 11.75 percent compared with 12.05 percent recorded in November 2018.
https://businesspost.ng/2019/01/16/nigerias-inflation-rises-to-11-44-in-december-2018-nbs/

wink2015:


PRESIDENT MUHAMMADU BUHARI CONFESSED THAT HE FIND IT DIFFICULT TO UNDERSTAND ECONOMICS LET ALONE WORLD ECONOMICS.

What can we do to help this DAURA D U L L A R D who do not understand global economics but love political power too much?

Like most less educated northerners who rose to the Presidency e.g Late President Shehu Shagari ( a grade 11 school teacher ) Buhari only understand military laws but he lack economics knowledge.

It is people like this that TINUBU sold the yoruba vote to for a plate of porridge.

Tinubu still have understand his grave mistakes and he is busy trumpeting Buhari all over the south west.

Unfortunately Buhari is turning south west into South West! for his fulani Jihadist Calliphate.

MorbidAngel7:
CONTRIBUTE YOUR QUOTA(NOT QUARTER) Have A Fulfilled Day Bro

jasmine1600:
Top 10 fastest growing economies in Africa in 2018 (World Bank, IMF....)

[1] Ghana >>>>>>>8.3%
[2] Ethiopia >>>>>>8.2%
[3] Cote d'Ivoire>>>7.2%
[4] Djibouti >>>>>> 7.0%
[5] Senegal >>>>>>6.9%
[6] Tanzania >>>>> 6.8%
[7] Sierra Leone>>>6.3%
[8] Burkina Faso>>>6.0%
[8] Benin Rep>>>>>6.0%
[9] Rwanda>>>>>>>5.9%
[10] Niger Rep>>>>>5.2%
------------------
[41] NIGERIA>>>>>>1.9%,
Note: Nigeria was Number [1] in 2012, 2013, 2014 and 2015.
Also, Nigeria was the 3rd fastest growing Economy in the World in 2014 now, the 88th.

SOURCES| World Bank, Brookings Institution, IMF

That’s the product of voting an illiterate as a president.
Imagine what will be of Nigerian economy after 2023?

jasmine1600:
Top 10 fastest growing economies in Africa in 2018 (World Bank, IMF....)

[1] Ghana >>>>>>>8.3%
[2] Ethiopia >>>>>>8.2%
[3] Cote d'Ivoire>>>7.2%
[4] Djibouti >>>>>> 7.0%
[5] Senegal >>>>>>6.9%
[6] Tanzania >>>>> 6.8%
[7] Sierra Leone>>>6.3%
[8] Burkina Faso>>>6.0%
[8] Benin Rep>>>>>6.0%
[9] Rwanda>>>>>>>5.9%
[10] Niger Rep>>>>>5.2%
------------------
[41] NIGERIA>>>>>>1.9%,
Note: Nigeria was Number [1] in 2012, 2013, 2014 and 2015.
Also, Nigeria was the 3rd fastest growing Economy in the World in 2014 now, the 88th.

SOURCES| World Bank, Brookings Institution, IMF

That’s the product of voting an illiterate as a president.
Imagine what will be of Nigerian economy after 2023?

Maket:
Pseudo Economy. Which consuming country can become the no 3rd strongest economy in the world?
What were we producing that gave us that point?
Our own food?
Our own building materials?
Our own transportation means?

Racoon:
The worst high double digit inflation figure ever in Nigeria.APC is a curse.