Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,182,394 members, 7,917,247 topics. Date: Saturday, 10 August 2024 at 08:50 PM |
Nairaland Forum / Nairaland / General / Business / January Inflation Drops To 15.13%, Says NBS (3289 Views)
EFCC Raids Speculators As Naira Drops To $1,520/$ / Nigeria’s Inflation Drops To 11.14% / Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs (2) (3) (4)
January Inflation Drops To 15.13%, Says NBS by actiondrilling: 7:05am On Feb 15, 2018 |
The National Bureau of Statistics (NBS), Nigeria’s official data agency, has said January’s Consumer Price Index (CPI), which measures inflation, again dropped to 15.13 per cent, up from the December 2017 level of 15.37 per cent. Breaking down the January CPI report released yesterday, the NBS said the new figure is 0.24 per cent points lower than the rate recorded in December, making it the 12th consecutive disinflation in headline year on year inflation since January 2017. The report said increases were recorded in all Classification of Individual Consumption According to Purpose (COICOP) divisions of all consumption items that yield the Headline Index. “ On a month-on-month basis, the Headline Index increased by 0.80 per cent in January 2018, 0.21 per cent points higher from the rate of 0.59 per cent recorded in December 2017. The percentage change in the average composite CPI for the 12-month period ending January 2018 over the average of the CPI for the previous 12-month period was 16.22 per cent, showing 0.28 per cent point lower from 16.50 per cent recorded in December 2017.” It further added that the urban inflation rate rose by 15.56 per cent (year-on-year) in January 2018 from 16.78 per cent recorded in December 2017, while the rural inflation rate also eased by 14.76 per cent in January 2018 from 15.02 per cent in December 2017, while On month-on-month basis, the urban index rose by 0.83 per cent in January 2018, up by 0.17 from 0.66 per cent recorded in December 2017, while the rural index also rose by 0.77 per cent in January 2018, up by 0.23 per cent when compared with 0.54 per cent in December 2017. It explained that the corresponding 12-month year-on-year average percentage change for the urban index is 16.55 per cent in January 2018, which is less than 16.92 per cent reported in December 2017, with the corresponding rural inflation rate in January 2018 now being 15.89 per cent compared to 16.10 per cent recorded in December 2017. Meanwhile, the Central Bank of Nigeria (CBN) yesterday revealed that it has in the past two years of the implementation of its Anchor Borrowers Programme disbursed N55 billion to over 250, 000 farmers. The Acting-Director, Corporate Communications Department, of the apex bank, Mr. Isaac Okorafor revealed the figure yesterday in Abuja during a media briefing. The ABP launched in Kebbi State on November 17, 2015 by President Muhammadu Buhari was designed to create economic linkages between farmers and processors, not only to ensure increased agricultural output of rice and wheat, but to also close the gap between production and consumption, with the ultimate goal of checking against food inflation brought about by import cost. He said out of the N55 billion provided by the apex bank, 80 per cent, representing N44 billion was given to rice farmers alone. He said the need to provide rice farmers adequate funding was to ensure self-sufficiency in rice production and to also ensure that Nigeria becomes a net exporter of the product. The Rice Farmers Association of Nigeria (RIFAN) President, Aminu Gorongo, said that unlike in the past where the anchor borrowers programme partnership was between the CBN and state governments, a private sector-driven initiative has been launched to drive the programme. http://www.akelicious.com/2018/02/january-inflation-drops-to-1513-says-nbs.html
|
Re: January Inflation Drops To 15.13%, Says NBS by 12submarine(m): 7:11am On Feb 15, 2018 |
It drops on paper, not in the market. 9 Likes |
Re: January Inflation Drops To 15.13%, Says NBS by madridguy(m): 7:14am On Feb 15, 2018 |
Okay |
Re: January Inflation Drops To 15.13%, Says NBS by Desyner: 7:31am On Feb 15, 2018 |
Inflation is always flunctuating, if you must tell us when it is reduces also tell us when it rises. #enoughOfPropaganda. 4 Likes |
Re: January Inflation Drops To 15.13%, Says NBS by eTECTIVe(m): 7:34am On Feb 15, 2018 |
Desyner: Dont mind dem... Dey are always telling us its dropping but forget we are d ones seeing d realities on ground. If it's dropping how com dey didn't also let us know wen it rose... 3 Likes 1 Share |
Re: January Inflation Drops To 15.13%, Says NBS by Nobody: 7:42am On Feb 15, 2018 |
Same NBS that doesn't know the actual population of Nigeria?? They will just sit in their office and estimate figure and give to the gullible Nigerians to digest... 2 Likes |
Re: January Inflation Drops To 15.13%, Says NBS by kolawoleibukun: 7:43am On Feb 15, 2018 |
story for the dogs. they should stop deceiving us abeg. when the inflation drops it will reflect in the economy and the masses can attest to it. as it stands there is still no light, no water, no roads and there is still insecurity. inflation drop and people are still jobless? how many jobs were created in January for inflation to drop? instead of the government to bail out private firms that are closing they are chasing the remaining ones standing on one foot for tax revenues. Zuma has resigned and Buhari should do the same. He and zuma na age mate. Buhari act you age and do what your mates do. You are sick and your teeth look bad. resign and go back to daura we do not need a cattle herder as a president. let us have a sound and innovative youth in power abeg 7 Likes |
Re: January Inflation Drops To 15.13%, Says NBS by AishaBuhari: 7:43am On Feb 15, 2018 |
Only heaven knows where these guys gets their stats from and without being remorseful What a stewpede lie 7 Likes
|
Re: January Inflation Drops To 15.13%, Says NBS by mangala14(m): 7:44am On Feb 15, 2018 |
NBS stats are not reliable. They always betray the realities on ground. 3 Likes 1 Share |
Re: January Inflation Drops To 15.13%, Says NBS by smokedfish: 7:44am On Feb 15, 2018 |
My question is at how many % did you guys meet it? 2 Likes 1 Share |
Re: January Inflation Drops To 15.13%, Says NBS by geostrata(m): 7:45am On Feb 15, 2018 |
it keeps dropping on paper but its not dropping in the prices of things. make weytin happen to Jacob Zuma no go happen to this government 3 Likes 1 Share |
Re: January Inflation Drops To 15.13%, Says NBS by geostrata(m): 7:46am On Feb 15, 2018 |
smokedfish:no mind dem...dy met it at 11.09 3 Likes 2 Shares |
Re: January Inflation Drops To 15.13%, Says NBS by olahero(m): 7:47am On Feb 15, 2018 |
Thank God, I love PMB, he's man of action with reliable speed. |
Re: January Inflation Drops To 15.13%, Says NBS by BabyApple(m): 7:48am On Feb 15, 2018 |
Lies |
Re: January Inflation Drops To 15.13%, Says NBS by NOC1(m): 7:49am On Feb 15, 2018 |
Desyner: who told you when it was high then? they same agency report negatively you celebrate, when the report positively it is a poo. Abeg what are your prayers? 2 Likes |
Re: January Inflation Drops To 15.13%, Says NBS by simplemach(m): 7:56am On Feb 15, 2018 |
Until mama divine reduce garri money, i no go believe this news. 3 Likes |
Re: January Inflation Drops To 15.13%, Says NBS by ocelot2006(m): 7:58am On Feb 15, 2018 |
Yet the inflation rate is still in double digits. 1 Like |
Re: January Inflation Drops To 15.13%, Says NBS by kings09(m): 7:58am On Feb 15, 2018 |
Clap for sai baba. |
Re: January Inflation Drops To 15.13%, Says NBS by Fesomu(m): 8:00am On Feb 15, 2018 |
Desyner:when this same NBS gives bad statistics, people like you are quick to attack the government but if it's a good news, it's a propaganda. You can be better than this bro 3 Likes |
Re: January Inflation Drops To 15.13%, Says NBS by ocelot2006(m): 8:01am On Feb 15, 2018 |
NOC1: Please do tell what's positive about this news? Inflation is still hovering around 15% and is still in double digits. When it drops to single digits (below 10%) we'll celebrate. Till then this news is simply CRAP. 4 Likes |
Re: January Inflation Drops To 15.13%, Says NBS by tetralogyfallot(m): 8:05am On Feb 15, 2018 |
Na lieeeeee 1 Like |
Re: January Inflation Drops To 15.13%, Says NBS by Dollyak(f): 8:14am On Feb 15, 2018 |
15% inflation? Damn |
Re: January Inflation Drops To 15.13%, Says NBS by Nobody: 8:18am On Feb 15, 2018 |
demonic stats from the pit of hell!
prevailng prices says otherwise.
govt of propaganda,
by propaganda,
for moorons! 2 Likes |
Re: January Inflation Drops To 15.13%, Says NBS by megama: 8:38am On Feb 15, 2018 |
Dropping for negativity or positivity at. My own real conomics.masses are shortage of cash. 1 Like |
Re: January Inflation Drops To 15.13%, Says NBS by Suplexx: 9:14am On Feb 15, 2018 |
Hahahahahaha if NBS says we are in recession, they would celebrate, but when it is good news they would say NBS is not reliable |
Re: January Inflation Drops To 15.13%, Says NBS by seguno2: 9:24am On Feb 15, 2018 |
Who remembers the old song: Can you feel it |
Re: January Inflation Drops To 15.13%, Says NBS by thunderbabs: 12:02pm On Feb 15, 2018 |
Inflation only drops in Aso rock and Bureau of Statistics.... Inflation no dey ever drop for market..... Liars of the federal republic of Nigeria. Inflation fall on you, buhari |
(1) (Reply)
Please Help With The Lagos Office Of Consumer Protection Council. / Useful Tips On How To Run An Profitable Internet Cafe Business Needed Urgently / How To Pay Yourself First At The End Of The Month using Fundscheap.
(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. 27 |