By Adedapo Adesanya

The National Bureau of Statistics (NBS) on Tuesday said inflation rate in Nigeria has dropped to 11.02 percent in August 2019 from the 11.08 percent recorded in July 2019. This indicated that the inflation moderated by 0.06 percent in the period under review.

In the report made available on the NBS website, the Consumer Price Index (CPI), which measure inflation, had disinflation continuing in August 2019 despite several pronouncements on policies as regards restrictions on the import of some food items like milk and rice, minimum wage and the recent border closures.

However, the stats office said, “It is important to note that with respect to the latter (border closures), the border was only closed 20 August 2019 with only 11 days of 31 days for any significant impact to be felt either way on prices.”

The report also added, “Furthermore, the harvest season and existing weak consumer demand and their natural effect to slow down food and other prices will also play a major role in determining the direction of inflation.”

In the month under review, it was also revealed that all major indices slowed except urban inflation year on year.

The urban inflation rate increased by 11.48 percent (year-on-year) in August 2019 from 11.43 percent recorded in July 2019, while the rural inflation rate increased by 10.61 percent in August 2019 from 10.64 percent in July 2019.

On a month-on-month basis, the Headline index increased by 0.99 percent in August 2019 showing a drop rate of 0.02 percent lower than 1.01 percent recorded in July 2019.

Still on a month-on-month basis, the urban index rose by 1.04 percent in the month under review, down by 0.03 from 1.07 percent recorded in July 2019, while the rural index also rose by 0.93 percent in August 2019, down by 0.03 from 0.96 percent recorded in July 2019.

As regards the corresponding twelve-month year-on-year average, percentage change for the urban index is 11.62 percent in August 2019 less than 11.64 percent reported in July 2019, while the corresponding rural inflation rate in August 2019 is 10.95 percent compared to 10.97 percent recorded in July 2019.

https://businesspost.ng/2019/09/17/nigeria-inflation-eases-to-11-02-in-august-from-11-08/

Story for The gods

Believe anything from APC led government at your own peril .

Who una wan decieve with una yeye statistics

The only good news we want is

24Hours Electricity

This land is not for sale or rent...

StrikeBack:
Who una wan decieve with una yeye statistics

but you believed when it they said it high, how come you can not agree that it has dropped.

you want the best for Nigeria yet you are not happy over her good news

Ok ooo. I pray that as it eases our pains will keep easing too.

Which kind yeye report be this? 11.02 and 11.08, the difference too small to talk about.

News

Nigeria struggling with decimals under the undisputed king of incompetence Bubu while others before him were moving with whole numbers!

I just don't know the liar between this nairalander OP and buhari...

NOC1:


but you believed when it they said it high, how come you can not agree that it has dropped.

you want the best for Nigeria yet you are not happy over her good news

Good news only on paper?

Good news that the impact is not felt by the common man!!

Ashawo beer parlor statistics

Very useless stats.
No single data from Nigeria is correct even at a conservative level.

Don't quote me if you don't understand Fisher's effect in Economics..

it needs to drop more

this OP is high on some original kwale weed. Abi no be the same market Wey we dey enter everyday again??

NOC1:


but you believed when it they said it high, how come you can not agree that it has dropped.

you want the best for Nigeria yet you are not happy over her good news

Good news is felt and not said. When things are going right or when there is actually reduction in the poverty rate and inflation rate, it would be felt directly by Nigerians. Nigeria we know has no reliable data collection analysis. Nigeria that does not even know her population how can they know the poverty rate? People are suffering my friend.

2019
1USD DOLLAR =N362.12

2022
1USD DOLLAR =N395.17

2038
1USD DOLLAR =N115.07

2059
1USD DOLLAR =N17.25


Statistics of our future exchange rate

19dQ7qgR4okNm8zmF6Gj1ymcX15rDmepqE
Bitcoin wallet

Donate 1Dollar to the address and see something Great happen in your life.
I only answer to Universe Call

NOC1:


but you believed when it they said it high, how come you can not agree that it has dropped.

you want the best for Nigeria yet you are not happy over her good news

Yea, it dropped by a landslide.....

This margin is so minute and nano that it will not reflect on the price of any good and since it doesn't reflect on the price of any good or service how did the NBS arrive at it ..Yemi Kale and co keep dishing out this type of deceptive nano statistics to hoodwink Nigerians that there is progress while there is non in reality . What's the NBS is doing is tantamount to somebody trying to convince a parked car is moving but just that you can't see it because the movt is too minute

When 1 kilo of chick bumped up from N1,100 to N1,600 in the same August

I just hope they have not played with the figures for political reasons.

Meanwhile, If you are interested. Here are some pro tips for poultry farming.

How to Start a Poultry Farming business – for Beginners
https://agro4africa.com/how-to-start-poultry-farming-for-beginners/

1. Learn from an Expert: Learn how to start poultry farming from the nearest poultry farm. This will give you a good headstart.

2. Decide what to produce: Decide whether to focus on broiler chicken (meat production) or egg production or both.

3. Choose a good location of your farm: Site the location of your farm where it is close to your target market but far from residential areas.

4. Build a poultry house for the birds: Put up a poultry farm structure that will provide protection from harsh weather condition and pests.

5. Procure equipment: Stock your poultry farm with equipment that will make your daily work on the farm very easy.

6. Buy stocking chicks: Carefully select healthy birds for your farm.

7. Employ workers: Hire more workers as you expand

8. Feed the chicks: Use appropriate feeds only.

9. Poultry health management: Birds are prone to fall sick, take care of them immediately.

10. Market your products: Learn how to market poultry products and make money.

READ FULL THE FULL ARTICLE @ https://agro4africa.com/how-to-start-poultry-farming-for-beginners/

dipoolowoo:
By Adedapo Adesanya

The National Bureau of Statistics (NBS) on Tuesday said inflation rate in Nigeria has dropped to 11.02 percent in August 2019 from the 11.08 percent recorded in July 2019. This indicated that the inflation moderated by 0.06 percent in the period under review.

In the report made available on the NBS website, the Consumer Price Index (CPI), which measure inflation, had disinflation continuing in August 2019 despite several pronouncements on policies as regards restrictions on the import of some food items like milk and rice, minimum wage and the recent border closures.

However, the stats office said, “It is important to note that with respect to the latter (border closures), the border was only closed 20 August 2019 with only 11 days of 31 days for any significant impact to be felt either way on prices.”

The report also added, “Furthermore, the harvest season and existing weak consumer demand and their natural effect to slow down food and other prices will also play a major role in determining the direction of inflation.”

In the month under review, it was also revealed that all major indices slowed except urban inflation year on year.

The urban inflation rate increased by 11.48 percent (year-on-year) in August 2019 from 11.43 percent recorded in July 2019, while the rural inflation rate increased by 10.61 percent in August 2019 from 10.64 percent in July 2019.

On a month-on-month basis, the Headline index increased by 0.99 percent in August 2019 showing a drop rate of 0.02 percent lower than 1.01 percent recorded in July 2019.

Still on a month-on-month basis, the urban index rose by 1.04 percent in the month under review, down by 0.03 from 1.07 percent recorded in July 2019, while the rural index also rose by 0.93 percent in August 2019, down by 0.03 from 0.96 percent recorded in July 2019.

As regards the corresponding twelve-month year-on-year average, percentage change for the urban index is 11.62 percent in August 2019 less than 11.64 percent reported in July 2019, while the corresponding rural inflation rate in August 2019 is 10.95 percent compared to 10.97 percent recorded in July 2019.

https://businesspost.ng/2019/09/17/nigeria-inflation-eases-to-11-02-in-august-from-11-08/

how can they say that when the price of rice has high and other products has increased I think this NBS should come to the street and see what is happening than sit in AC and be writing rubbish

dipoolowoo:
By Adedapo Adesanya

The National Bureau of Statistics (NBS) on Tuesday said inflation rate in Nigeria has dropped to 11.02 percent in August 2019 from the 11.08 percent recorded in July 2019. This indicated that the inflation moderated by 0.06 percent in the period under review.

In the report made available on the NBS website, the Consumer Price Index (CPI), which measure inflation, had disinflation continuing in August 2019 despite several pronouncements on policies as regards restrictions on the import of some food items like milk and rice, minimum wage and the recent border closures.

However, the stats office said, “It is important to note that with respect to the latter (border closures), the border was only closed 20 August 2019 with only 11 days of 31 days for any significant impact to be felt either way on prices.”

The report also added, “Furthermore, the harvest season and existing weak consumer demand and their natural effect to slow down food and other prices will also play a major role in determining the direction of inflation.”

In the month under review, it was also revealed that all major indices slowed except urban inflation year on year.

The urban inflation rate increased by 11.48 percent (year-on-year) in August 2019 from 11.43 percent recorded in July 2019, while the rural inflation rate increased by 10.61 percent in August 2019 from 10.64 percent in July 2019.

On a month-on-month basis, the Headline index increased by 0.99 percent in August 2019 showing a drop rate of 0.02 percent lower than 1.01 percent recorded in July 2019.

Still on a month-on-month basis, the urban index rose by 1.04 percent in the month under review, down by 0.03 from 1.07 percent recorded in July 2019, while the rural index also rose by 0.93 percent in August 2019, down by 0.03 from 0.96 percent recorded in July 2019.

As regards the corresponding twelve-month year-on-year average, percentage change for the urban index is 11.62 percent in August 2019 less than 11.64 percent reported in July 2019, while the corresponding rural inflation rate in August 2019 is 10.95 percent compared to 10.97 percent recorded in July 2019.

https://businesspost.ng/2019/09/17/nigeria-inflation-eases-to-11-02-in-august-from-11-08/

poo on thread
not consequential
wake me up when it's down to 5%

NOC1:


but you believed when it they said it high, how come you can not agree that it has dropped.

you want the best for Nigeria yet you are not happy over her good news

Name one good or service you know that the price has dropped even slightly .... Infact price of rice , chicken and milk up in the same period so you wonder where Yemi kale got his stats from

NOC1:


but you believed when it they said it high, how come you can not agree that it has dropped.

you want the best for Nigeria yet you are not happy over her good news

all yeye stat that doesn't affect the common man in the country positively

Still double digit inflation. So nothing has changed but instead next level cluelessness still ongoing.

Only on newspaper.

Chidexter:
Which kind yeye report be this? 11.02 and 11.08, the difference too small to talk about.

When it is inflation, it is big enough to talk about!

NOC1:


but you believed when it they said it high, how come you can not agree that it has dropped.

you want the best for Nigeria yet you are not happy over her good news

i wonder oooo

Wailer are born to wailer.

If its a good they will wail

If it is bad news they will wail


What i observe is, most wailer are allergic to good news its give them cold, cough, headache backache heart attack and many more deseases that will end their life prematurely.

Arizonaguy:
poo on thread not consequential wake me up when it's down to 5%

Ok
go back to sleep

Oya buharists, over to you! Come and fool yourselves. Nigeria is a joke

Oh

Okoroawusa:
Ok
go back to sleep

thanks aboki

Arizonaguy:
thanks aboki

Nwanne madu... Yagazie