Nigeria’s inflation rate rose further in July 2020 to 12.82% (year-on-year), 0.26% points higher than the rate recorded in June 2020 (12.56%). This is according to the latest CPI report, released by the National Bureau of Statistics.

On a month-on-month basis for Nigeria’s inflation rate, the Headline index increased by 1.25 percent in July 2020. This is 0.04 percent rate higher than the rate recorded in June 2020 (1.21) percent.

The percentage change in the average composite CPI for the twelve months period ending July 2020 over the average of the CPI for the previous twelve months period was 12.05 percent, representing a 0.15 percent point increase from 11.90 percent recorded in June 2020.

The urban inflation rate increased by 13.40 percent (year-on-year) in July 2020 from 13.18 percent recorded in June 2020, while the rural inflation rate increased by 12.28 percent in July 2020 from 11.99 percent in June 2020.

On a month-on-month basis, the urban index rose by 1.27 percent in July 2020, up by 0.04 from 1.23 percent recorded in June 2020, while the rural index also rose by 1.23 percent in July 2020, up by 0.04 from the rate recorded in June 2020 (1.19) percent.

The corresponding twelve-month year-on-year average percentage change for the urban index was 12.66 percent in July 2020. This is higher than 12.50 percent reported in June 2020, while the corresponding rural inflation rate in July 2020 is 11.49 percent compared to 11.36 percent recorded in June 2020.

Food Index

The composite food index rose by 15.48 percent in July 2020 compared to 15.18 percent in June 2020.

This rise in the food index was caused by increases in prices of Bread and cereals, Potatoes, yam and other tubers, Meat, Fruits, Oils and fats, and Fish.

On a month-on-month basis, the food sub-index increased by 1.52 percent in July 2020, up by 0.04 percent points from 1.48 percent recorded in June 2020.

The average annual rate of change of the Food sub-index for the twelve-month period ending July 2020 over the previous twelve-month average was 14.63 percent, 0.17  percent points from the average annual rate of change recorded in June 2020 (14.46) percent.

All Items Less Farm Produce

The "All items less farm produce" or Core inflation, which excludes the prices of volatile agricultural produce stood at 10.10 percent in July 2020, down by 0.03 percent when compared with 10.13 percent recorded in June 2020.

On a month-on-month basis, the core sub-index increased by 0.75 percent in July 2020. This was down by 0.11 percent when compared with 0.86 percent recorded in June 2020.

The highest increases were recorded in prices of Medical services, Passenger transport by air, Pharmaceutical products, Hospital services, Passenger transport by road, Maintenance and repair of personal transport equipment, Paramedical services and Vehicle spare parts.

The average 12-month annual rate of change of the index was 9.48 percent for the twelve-month period ending July 2020; this is 0.11 percent points higher than 9.37 percent recorded in June 2020.

State Profiles

In analysing price movements under this section, note that the CPI is weighted by consumption expenditure patterns which differ across states. Accordingly, the weight assigned to a particular food or non-food item may differ from state to state making interstate comparisons of consumption basket inadvisable and potentially misleading.

All Items Inflation

In July 2020, all items inflation on year on year basis was highest in Bauchi (16.10%), Kogi (15.90%) and Sokoto and Plateau (15.20%), while Lagos (10.70%), Adamawa (10.60%) and Kwara (10.50%) recorded the slowest rise in headline Year on Year inflation.

On month on month basis, however, July 2020 all items inflation was highest in Kogi (2.85%), Zamfara (2.44%) and Yobe (2.35%), while Ondo (0.67%), Adamawa (0.63%) and Ogun and Imo (0.62%) recorded the slowest rise in headline month on month inflation.

Food Inflation

In July 2020, food inflation on a year on year basis was highest in Kogi (20.09%), Sokoto (19.28%) and Plateau (18.05%), while Adamawa (13.37%), Abia  (13.33%) and Lagos (13.13%) recorded the slowest rise.

On month on month basis, however, July 2020 food inflation was highest in Zamfara (3.40%), Kogi (3.32%) and Yobe (3.00%), while Niger and Ogun (0.44%), Lagos (0.41%) with Adamawa recording price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate).

SOURCE: https://brandspurng.com/2020/08/17/nigerias-inflation-rate-rises-to-12-82-in-july-as-food-prices-surge/

H

Everything keep going up - Insecurity, unemployment, bad governance, corruption, inflation in both goods and services, utility bills e.t.c

Things that will affect life positively are dwindling into oblivion. Almost all the major roads are in a bad shape; hospital nko? An eye sore; what about the education system? " That one is la cram la pour"

And it seems Nigerians are not ready for change. We enjoy "suffering and smiling at the same time".

Well in my opinion, Nigeria is irredeemable.

Too bad but we are HOPEFUL

Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.

All of us have entered one chance called change, nah only God will deliver us from this mess

Naija which way

Nawaooo

WE BUY, WE SELL, GOOD CARS � � �..

check signature...

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God will see us through

As far as Adesina is concerned, this is nothing but false alarm and cheap propaganda!!!

Everything is going perfectly well in Nigeria!!!

Food is expensive as Bleep in lagos

Mannabbq - Chief Asslicker NRZ your attention is needed here.

We are in soup

Which way nah 9ja

We have a very stew-pid president

I said it in March. That with the rampaging insecurity tearing the north west, north east and north central apart, with farming villages wiped our wholescale by bandits and terrorists it is only a matter of time before Nigeria faces a food crises.

These are the opening rumblings of a coming earthquake. Brace, brace, brace for impact and start a small savings account in foreign exchange.

May God help us.

This hunger is too much I want to commit sweetcide because on that side they will be nothing like hunger and sufferring.

Buhari dey there dey remove some pieces of meat that enter his teeths.

Well, I won't say anything for now until i make front page first.

i may even get worse by next year

politeme:
All of us have entered one chance called change, nah only God will deliver us from this mess

This statement lacks intelligence and reasoned thinking!!!

lordm:
God will see us through

No He won't... He gave you all several chances to vote in the right people, but y'all chose to toe the path of tribalism and selfish interests.

God has washed His hands off Nigeria and Nigerians!!! He is currently prospering and blessing nations with smart and united citizens!!!

Na today? It hasn't gotten to the point when we'll be too famished to support politicians or argue about non-essentials.
We'll be alright!

It is well...

rodeo0070:
Nigeria’s inflation rate rose further in July 2020 to 12.82% (year-on-year), 0.26% points higher than the rate recorded in June 2020 (12.56%). This is according to the latest CPI report, released by the National Bureau of Statistics.

On a month-on-month basis for Nigeria’s inflation rate, the Headline index increased by 1.25 percent in July 2020. This is 0.04 percent rate higher than the rate recorded in June 2020 (1.21) percent.

The percentage change in the average composite CPI for the twelve months period ending July 2020 over the average of the CPI for the previous twelve months period was 12.05 percent, representing a 0.15 percent point increase from 11.90 percent recorded in June 2020.

The urban inflation rate increased by 13.40 percent (year-on-year) in July 2020 from 13.18 percent recorded in June 2020, while the rural inflation rate increased by 12.28 percent in July 2020 from 11.99 percent in June 2020.

On a month-on-month basis, the urban index rose by 1.27 percent in July 2020, up by 0.04 from 1.23 percent recorded in June 2020, while the rural index also rose by 1.23 percent in July 2020, up by 0.04 from the rate recorded in June 2020 (1.19) percent.

The corresponding twelve-month year-on-year average percentage change for the urban index was 12.66 percent in July 2020. This is higher than 12.50 percent reported in June 2020, while the corresponding rural inflation rate in July 2020 is 11.49 percent compared to 11.36 percent recorded in June 2020.

Food Index

The composite food index rose by 15.48 percent in July 2020 compared to 15.18 percent in June 2020.

This rise in the food index was caused by increases in prices of Bread and cereals, Potatoes, yam and other tubers, Meat, Fruits, Oils and fats, and Fish.

On a month-on-month basis, the food sub-index increased by 1.52 percent in July 2020, up by 0.04 percent points from 1.48 percent recorded in June 2020.

The average annual rate of change of the Food sub-index for the twelve-month period ending July 2020 over the previous twelve-month average was 14.63 percent, 0.17  percent points from the average annual rate of change recorded in June 2020 (14.46) percent.

All Items Less Farm Produce

The "All items less farm produce" or Core inflation, which excludes the prices of volatile agricultural produce stood at 10.10 percent in July 2020, down by 0.03 percent when compared with 10.13 percent recorded in June 2020.

On a month-on-month basis, the core sub-index increased by 0.75 percent in July 2020. This was down by 0.11 percent when compared with 0.86 percent recorded in June 2020.

The highest increases were recorded in prices of Medical services, Passenger transport by air, Pharmaceutical products, Hospital services, Passenger transport by road, Maintenance and repair of personal transport equipment, Paramedical services and Vehicle spare parts.

The average 12-month annual rate of change of the index was 9.48 percent for the twelve-month period ending July 2020; this is 0.11 percent points higher than 9.37 percent recorded in June 2020.

State Profiles

In analysing price movements under this section, note that the CPI is weighted by consumption expenditure patterns which differ across states. Accordingly, the weight assigned to a particular food or non-food item may differ from state to state making interstate comparisons of consumption basket inadvisable and potentially misleading.

All Items Inflation

In July 2020, all items inflation on year on year basis was highest in Bauchi (16.10%), Kogi (15.90%) and Sokoto and Plateau (15.20%), while Lagos (10.70%), Adamawa (10.60%) and Kwara (10.50%) recorded the slowest rise in headline Year on Year inflation.

On month on month basis, however, July 2020 all items inflation was highest in Kogi (2.85%), Zamfara (2.44%) and Yobe (2.35%), while Ondo (0.67%), Adamawa (0.63%) and Ogun and Imo (0.62%) recorded the slowest rise in headline month on month inflation.

Food Inflation

In July 2020, food inflation on a year on year basis was highest in Kogi (20.09%), Sokoto (19.28%) and Plateau (18.05%), while Adamawa (13.37%), Abia  (13.33%) and Lagos (13.13%) recorded the slowest rise.

On month on month basis, however, July 2020 food inflation was highest in Zamfara (3.40%), Kogi (3.32%) and Yobe (3.00%), while Niger and Ogun (0.44%), Lagos (0.41%) with Adamawa recording price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate).

SOURCE: https://brandspurng.com/2020/08/17/nigerias-inflation-rate-rises-to-12-82-in-july-as-food-prices-surge/

Farmers are unable to go to their farms because of the bloodsucking Fulani herdsmen who are killing, maiming, kidnapping up and down.
Low food produce doesnt just happen like that.

ziggy3579:
Naija which way

You are 200m in number and have a large reservoir of land. Lazy useless people running to Lagos, Abuja and the metropolis. Who the FFK is supposed to feed you?

No other way but to return to the bloody farm!