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Nairaland Forum / Nairaland / General / Politics / Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb (985 Views)
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Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by sarrki(m): 9:02am On Nov 17, 2017 |
Food prices hit 13-month low as inflation drops marginally... Data made available by the National Bureau of Statistics (NBS) on Wednesday show that food inflation recorded the lowest month-on-month movement since September 2016. According to the Core Price Index for October 2017 released by the bureau, the country’s inflation rate stands at 15.91% in October 2017, marginally down from the 15.98% recorded in September 2017. But the consumer price index (CPI) which measures inflation increased by 15.91 percent (year-on-year) in October 2017. According to the report, “this was 0.07 percent points lower than the rate recorded in September (15.98) percent making it the ninth consecutive disinflation (slowdown in the inflation rate though still positive) in headline year on year inflation since January 2017. “The food index increased by 20.31 percent (year-on-year) in October, down marginally by 0.01 percent points from the rate recorded in September (20.32 percent). “On a month-on-month basis, the food sub-index increased by 0.85 percent in October, down from 0.87 percent recorded in August. This represents the fifth consecutive disinflation in month on month inflation since a 2017 high of 2.57 percent in May 2017. October 2017 also represents the lowest recorded month on month inflation since September 2016. “While average month on month food inflation for the first five months of the year (January to May 2017) stood at 2.01 percent, average month on month food inflation for the next five months of the year (June to October 2017), stood at 1.27 percent indicating a general slowdown in the rise in food prices from June to date compared to from January to May 2017, though the rate of price increases has remained generally higher on a year on year basis.” Headline inflation was highest in Bauchi state (23.87 percent) while the lowest was recorded in Kogi state (9.83 percent). Food inflation was highest in Kwara state at 26.27 percent and lowest in Kogi state at 11.61 percent. The federal government set the inflation benchmark for 2018 at 12.4% in the proposal submitted to the national assembly by President Muhammadu Buhari on November 7. Source NBS |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by sarrki(m): 9:04am On Nov 17, 2017 |
This is the president and vice I voted for God bless Asiwaju for making it Happened God bless Rotimi omo Amaechi God bless yemi Osinbajo God bless Muhammadu Buhari God bless the progressives God bless federal republic of Nigeria 1 Like 1 Share |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by madridguy(m): 9:18am On Nov 17, 2017 |
Ok 1 Like 1 Share |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by FarahAideed: 9:26am On Nov 17, 2017 |
I wonder what office of the Statician General has to gain by cooking up weak statistics in a bid to favor the govt..Only people who still live with their guardians or parents will believe this nonesense , yes prices are not rising as fast as before but the are still on the rise monthly so dint play your self |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by Nightwolf1: 9:28am On Nov 17, 2017 |
em one bag of rice now na how much? |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by Nobody: 9:28am On Nov 17, 2017 |
sarrki:say no to dullardism
|
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by Nobody: 9:32am On Nov 17, 2017 |
Story...Prices remains high...how much is a bag of rice and maize? 1 Like |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by sarrki(m): 9:36am On Nov 17, 2017 |
ejibaba: Maize is 8 thousand after 3months of harvesting Bag of unprocessed rice is with 7k to 7500 |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by amSTARboy: 9:40am On Nov 17, 2017 |
sarrki: Your just a factory fitted dummy. No shame No conscience . |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by yomi96(m): 10:37am On Nov 17, 2017 |
Paid post from a paid apc agent. The only way,for us to get out of this hardship is through the ballot come 2019 |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by Saaruman(m): 10:48am On Nov 17, 2017 |
They have started dishing out propaganda over falling prices of food. In which county? Zoo. Same country were bag of rice sells for N20,000 unlike N8000 under GEJ govt. No matter how Vegetable govt of buhari tries to dish out propaganda, it will be in recorded history that Nigerians enjoy low and steady prices of food during the so called"Clueless GEJ govt" compared to buhari's regime were common palm oil is out of reach of poor villagers not to talk of rice. |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by sarrki(m): 11:24am On Nov 17, 2017 |
Saaruman: Mr man we eat home grown rice now It can be packaged as foreign rice The truth is we create employment From land acquisition , land preparation, chemical application, broadcasting, weeding, cutting ,threshing, bagging ,sowing, transportation, loading , selling and above all we are self independent 1 Like |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by aolawale025: 11:38am On Nov 17, 2017 |
Actually it's relatively easy to lie with statistics |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by princemillla(m): 11:44am On Nov 17, 2017 |
I losing my trust on this nbs. U can lie on many things but food prices...don't go there I won't take it |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by Elose11(m): 11:47am On Nov 17, 2017 |
sarrki:When will you stop dishing out falsehood! A bag of maize in Abuja today is N16000 and a bag of olam made in Nigeria rice that i bought in Benin last week Monday was N18000. These are based on personal experience. It's about time we start speaking truth to the authorities. Nigerian are dying of hunger! |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by sarrki(m): 11:50am On Nov 17, 2017 |
Elose11: Bro please how many bags do you need I will sell at 7500 to you I swear without going outside to buy Up to 800 bags I swear I will do without blinking 1 Like |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by sarrki(m): 11:51am On Nov 17, 2017 |
princemillla: Since its not a negative news about this administration shay ? |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by Nobody: 11:53am On Nov 17, 2017 |
Which food: ogbono or egusi ? |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by sarrki(m): 11:54am On Nov 17, 2017 |
Keneking: Ofinsala, luru, kuka and gbegiri |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by Nobody: 11:55am On Nov 17, 2017 |
sarrki:stop lying |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by princemillla(m): 11:57am On Nov 17, 2017 |
sarrki: Bro make I hear word. I am a pro Buhari supporter but there r some lies that should b exposed. Even tinubu confirms nigerians are suffering. And what positive new has ever emerged in this administration without deceit? 2 Likes |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by Jesusloveyou: 11:59am On Nov 17, 2017 |
Hmm 1 Like |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by sarrki(m): 12:00pm On Nov 17, 2017 |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by 1nigeriamyfoot: 12:43pm On Nov 17, 2017 |
sarrki:Have you pray for your family(if at all you have any) this morning? How much is bag of rice before May29 2015 & how much is it as of today? What's naira to USD exchange rate as at May 29 2015 but how much is it now? |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by MONITZ: 12:52pm On Nov 17, 2017 |
FarahAideed: My guy I just tire for these Buhari people oh,well I don't blame them because they still ve a pocket of supporters egging them on by insisting that they ve done too well when evidences show the contrary,of what use is the statistics reeled out to me if it ain't gonna reflect in the prices of my FMCG's. The likes of Sarki,Ugene...re there to always cheer them on. 1 Like 1 Share |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by Alashi(m): 1:06pm On Nov 17, 2017 |
yomi96:There are more APC agents than you think, so how do you intend to vote them out? |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by Nobody: 1:15pm On Nov 17, 2017 |
sarrki: ![]() ![]() 1 Share
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Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by sarrki(m): 1:21pm On Nov 17, 2017 |
MONITZ: Fmcgs are mostly products from private coy So it's an open market |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by shaddoww: 1:32pm On Nov 17, 2017 |
Abeg oooo, who carry am go up before? Dem say na 13 month low, sebi na dem don dey power for over 24months so make we hear word. |
Re: Pmb Policies Makes Food Prices Hit 13months Low As Inflation Drops Marginally.nb by MONITZ: 2:43pm On Nov 17, 2017 |
sarrki: Who be dis one?Do u think u can really lecture me on what FMCG's are? Directly and indirectiy the Federel Government polices impact positively and negatively on this very sector.The government's useiess policy of dilly dallying has impacted negatively on this sector,I just hope they come to their senses on time so as to ameliorate the damages already done... |
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