The National Bureau of Statistics, NBS, said that the annual inflation rate dropped for the seventh consecutive month to 15.4 per cent in November from 15.99 per cent in October.

This represents a 2.77 percentage point decline since March when the inflation rate peaked at 18.17 per cent.

The NBS disclosed this in its Consumer Price Index report for November 2021.

The report stated, “Consumer price index, (CPI) which measures inflation increased by 15.40 percent (year-on-year) in November 2021. This is 0.51 per cent points higher than the rate recorded in November 2020 (14.89) percent. Increases were recorded in all COICOP divisions that yielded the Headline index.

“On a month-on-month basis, the Headline index increased by 1.08 per cent in November 2021, this is 0.10 percent rate higher than the rate recorded in October 2021 (0.98) per cent.

“The percentage change in the average composite CPI for the twelve months period ending November 2021 over the average of the CPI for the previous twelve months period was 16.98 percent, showing 0.02 percent point from 16.96 percent recorded in October 2021.

“The urban inflation rate increased by 15.92 per cent (year-on-year) in November 2021 from 15.47 percent recorded in November 2020, while the rural inflation rate increased by 14.89 percent in November 2021 from 14.33 per cent in November 2020.

“On a month-on-month basis, the urban index rose by 1.12 per cent in November 2021, up by 0.10 the rate recorded in October 2021 (1.02) percent, while the rural index also rose by 1.04 percent in November 2021, up by 0.09 the rate that was recorded in October 2021 (0.95) percent.

“The corresponding twelve-month year-on-year average percentage change for the urban index is 17.55 per cent in November 2021. This is higher than 17.53 per cent reported in October 2021, while the corresponding rural inflation rate in November 2021 is 16.42 percent compared to 16.39 percent recorded in October 2021.”

https://www.vanguardngr.com/2021/12/breaking-inflation-rate-drops-to-15-4-%e2%80%95-nbs/

lol all diz paper drop....

e drop na him ordinary Spaghetti nd Semo neva reduce in price...

Fucking liars

Nobody will believe these stats.

In sane countries, they are giving massive Christmas discounts and bonanzas. But in Nigeria, the prices of everything rise at Christmas for reasons best known to the sellers.

Something is definitely wrong with the Black man.

Nothing ever drops in this country ...

I don't feel it, the market ain't showing it

This is a good news, by this time next year e go don drop to 1.5%

IamRandy:
LIES!

They kicked out the RIGHT MAN and brought in one almajiri that will be doing their bidding

Walahi dem don use to dey wail do you Igbos. Before the oga of NBS was change, Una dey always wail about him been a Yoruba man. Dem change am, una don start another round of wailing again

BigSarah:
I don't feel it, the market ain't showing it

Prices of some things like gas don fall.

BigSarah:

Gas kinda
Price of gas reduced by less than 80 naira is that falling? ..

Yes is falling.

inoki247:
lol all diz paper drop....

e drop na him ordinary Spaghetti nd Semo neva reduce in price...

Nah small small

DubaiLandLord2:
Prices of some things like gas don fall.

Gas kinda
Price of gas reduced by less than 80 naira is that falling? ..

DubaiLandLord2:
This is a good news, by this time next year e go don drop to 1.5%

Insha Allah

What indicators shows it gas reduced?...

Awesome!!
May God bless Nigeria forever.
All the enemies of Nigeria will lose las las. They always lose.

Good to read

Esseite:
What indicators shows it gas reduced?...

Do you have any indicators that shows it's high?

Yahoo yahoo NBS

The only thing that works in nigeria only works on paper.

Keep deceiving the gullible fellows.

helinues:


Do you have any indicators that shows it's high?

Like you dont see the inflation in the price of commodities..

This thread for don reach 200 pages if the report is opposite.

This quota system Stat General is a Scam.

Feel he was appointed to lie bare face ......
He harasses Inflation down to any figure he can conjure to please the Master of the Universe Nigeria

The new DG is the Emefiele of NBS. A good yes boy

Where?

LIES!

They kicked out the RIGHT MAN and brought in one almajiri that will be doing their bidding

He nor drop reach here, everything still cost.

I'm not sure they carried out their research in Nigeria.

Lies

Okay

Esseite:
What indicators shows it gas reduced?...

Yes gas reduced

NBS has been coopted to give fake figures for this dubious government. It is a shame. What prices have dropped?!!!

Slow and steady we will get to the nation of our dreams