After 15 months on the rise, the consumer price index (CPI) which measures inflation rate in the Nigerian economy has been on the decline, dropping for the third consecutive month.

According to the National Bureau of Statistics (NBS), inflation rate dropped to 17.24 percent (year-on-year) in April, declining by 0.02 percent from the figures recorded in March 2017, TheCable.ng reports.

“This is the third consecutive month of a decline in the headline CPI rate, exhibiting effects of some easing in already high food and non-food prices, as well as favourable base effects over 2016 prices,” NBS said via its inflation report for April 2017.

“Increases were recorded in all COICOP divisions that yield the Headline Index.The top items to have recorded the highest year on year increases across all the divisions were Solid Fuels, Bread and Cereals, Meat, Liquid Fuels, Clothing materials, other articles of clothing and clothing accessories, and Fish.”



On a month-on-month basis, the headline index increased by 1.60 percent in April 2017, 0.12 percent points lower than the rate recorded in March.

On this basis, the highest rise in prices was dominated by food items including coffee, tea and cocoa, potato, yam and tubers, bread and cereals, milk cheese and eggs and meat and fish.

President Muhammadu Buhari’s Economic Recovery and Growth Plan (ERGP) aims to see inflation cut to about 15 percent by the end of 2017.


http://www.herald.ng/inflation-rate-drops-third-consecutive-month/

We are getting there...

OK

And what happen to the price of rice?

Who are you people fooling? Which metrics did they use in calculating these figures?

Abi did they use all the bole and fish joints in PH to calculate the rate of inflation?.....

Make amadi oha faya all these our ancestral leaders ruling since 1970... wey nor gree die leave power for the youths to taste leadership!!

Has the drop been felt by a commoner?

Let it be dropping so that my TB will be increasing biko.
I don't want it to be worthless upon maturity

Am singing efe's song:

"i say make we thank God ee, hallelujah ee, hallelujah ee"...
We are getting there gradually..

TheHerald:
After 15 months on the rise, the consumer price index (CPI) which measures inflation rate in the Nigerian economy has been on the decline, dropping for the third consecutive month.

According to the National Bureau of Statistics (NBS), inflation rate dropped to 17.24 percent (year-on-year) in April, declining by 0.02 percent from the figures recorded in March 2017, TheCable.ng reports.

“This is the third consecutive month of a decline in the headline CPI rate, exhibiting effects of some easing in already high food and non-food prices, as well as favourable base effects over 2016 prices,” NBS said via its inflation report for April 2017.

“Increases were recorded in all COICOP divisions that yield the Headline Index.The top items to have recorded the highest year on year increases across all the divisions were Solid Fuels, Bread and Cereals, Meat, Liquid Fuels, Clothing materials, other articles of clothing and clothing accessories, and Fish.”



On a month-on-month basis, the headline index increased by 1.60 percent in April 2017, 0.12 percent points lower than the rate recorded in March.

On this basis, the highest rise in prices was dominated by food items including coffee, tea and cocoa, potato, yam and tubers, bread and cereals, milk cheese and eggs and meat and fish.

President Muhammadu Buhari’s Economic Recovery and Growth Plan (ERGP) aims to see inflation cut to about 15 percent by the end of 2017.


http://www.herald.ng/inflation-rate-drops-third-consecutive-month/

Bros we no dey feel am for streets jor, 2019 loading #period

Thank God

Hmm

Inflation rate for government trade or for the citizens. We need to be clear on this, also i wonder where the NBS get their statistics from?

I can't seem to see anything of such. So where did it drop exactly? In the mind of the writer or what?

In fact, the cost of things have increased in some places. However, most of the increases in price is arbitrary. Nigerian retailers are not honest people. They want to rip off customers at all cost, even when they know that the wholesale price of goods have reduced.

This Bubu holiday dey pay us ooooo

Garri, the food for the commoners in this country, is on the high increase.

...Drop indeed.

Its dropping small small sha.

Artificial jare. Has the price of garri reduced?

9ja and propaganda. Everything is done on paper. No reality impartation on masses

We have a long way to go. God help us.

Prices ain't dropping over here , I don't knw if it dropped somewhere ,nah scam

Who are the guys dishing out these lies, well this so called drop in inflation never reach here in fact the reverse is the case.

According to the National Bureau of Statistics (NBS), inflation rate dropped to 17.24 percent (year-on-year) in April, declining by 0.02 percent from the figures recorded in March 2017, TheCable.ng reports.

This right here tells a true picture of the state of our economy.
From single digit rates , it galloped to near gross value and then it begins a very very careful descent.
Anyone who as much as hails this as a government achievement is a rock-bottom mor0n. Prolly still sucking mummy's breaStS.

Issorite

We are not feeling it because inflation actually increased to 100% under Buhari

Another fake news on the prowl

Partnerbiz:
Let it be dropping so that my TB will be increasing biko.
I don't want it to be worthless upon maturity

Baba so you sef dey do TB . I'm also into it but mehn, profit margin is soon narrow. Which bank are you investing through?

This statistics is false ...Anyone that still has money to to household shopping will know that prices are still on the rise ..I drink a lot of Sans cream Soda which last week was 110 naira a piece but this week is now 130 ..The price of Eggs is still on a gradual rise

fake news,
fake statistics

Reality lies in the market waiting for you

Ok