Inflation Rises From 29.90 To 31.70 Percent In February - Politics

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Inflation Rises From 29.90 To 31.70 Percent In February - Politics - Nairaland

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Inflation Rises From 29.90 To 31.70 Percent In February by Islie: 1:34pm On Mar 15

Nigeria’s Headline inflation has rose to 31.70 percent in February, the National Bureau of Statistics (NBS) has disclosed.

The NBS in its report stated that inflation figure rose from 29.90 percent in January.

Daily Trust reports that Nigeria’s headline inflation has been on the rise consecutively in the past 15 months despite the raise of interest rate by the Central Bank of Nigeria.

The NBS noted on a year-on-year basis, the headline inflation rate was 9.79 percent points higher compared to the rate recorded in February 2023, which was 21.91 percent.

“This shows that the headline inflation rate (year-on-year basis) increased in the month of February 2024 when compared to the same month in the preceding year (i.e., February 2023).”

It stated that Food inflation rate increased by 37.92 percent on a year-on-year basis, which was 13.57 percent points higher compared to the rate recorded in February 2023 (24.35 percent).

“The rise in Food inflation on a year-on-year basis was caused by increases in prices of bread and cereals, potatoes, yam and other tubers, fish, oil and fat, meat, fruit, coffee, tea, and cocoa.”

“On a month-on-month basis, the Food inflation rate in February 2024 was 3.79% this was 0.58% higher compared to the rate recorded in January 2024 (3.21%). The rise in the Food Inflation on a month-on-month basis was caused by a rise in the rate of increase in the average prices of bread and cereals, potatoes, yam & other tubers, fish, coffee, tea, and cocoa.”

https://dailytrust.com/just-in-inflation-rises-to-31-70-percent/

Re: Inflation Rises From 29.90 To 31.70 Percent In February by CodeTemplar: 1:41pm On Mar 15

Because of back to back senseless policies.

Subsidy went away and returned like a thief silently.
Naira floated, pegged, then floated again with peg.

44 Likes 2 Shares

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Nbote(m): 1:43pm On Mar 15

The govt keeps padding up stats and papering up the cracks. Prices seem stable because it's Ramadan. Wait make fasting end first

12 Likes 2 Shares

Re: Inflation Rises From 29.90 To 31.70 Percent In February by crown08(m): 1:46pm On Mar 15

Re: Inflation Rises From 29.90 To 31.70 Percent In February by kenny714433(m): 1:46pm On Mar 15

And the Tinubulation bites even harder! From every angle it strengthen its grip.

The baby step of pains about to metamorphose into the adult leap of anguish.

Let the FG remove shame and go beg Ukraine for more grain.

15 Likes

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Mrchippychappy(m): 1:47pm On Mar 15

We Nigerians are the problem

Buy Kunu instead of Pepsi

Made in Nigeria kpomo instead of oyibo chicken

King T Black instead of Johnny Sins

Buy Nigerian. Reno already told us how to come out of this situation

9 Likes

Re: Inflation Rises From 29.90 To 31.70 Percent In February by dettolgel: 1:47pm On Mar 15

We are all in it irrespective of political religious or tribal standing

2 Likes

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Funkyswagzz(m): 1:48pm On Mar 15

I thought they said dollar came down since we depend on importation, price of goods should drop. The criminal intentions of this government has been exposed. Reno is no longer ranting as usual the guy is so quiet these days.

28 Likes

Re: Inflation Rises From 29.90 To 31.70 Percent In February by YourKarma: 1:48pm On Mar 15

Stupid people who made stupid election choices are now causing pains to everyone else.

21 Likes 3 Shares

Re: Inflation Rises From 29.90 To 31.70 Percent In February by negaiyke: 1:49pm On Mar 15

Tell Us Anoda News we don't Know please

mcheew

4 Likes

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Artscollection: 1:50pm On Mar 15

Wicked men no send you!!!! What do you expect from a tax collector.

15 Likes 2 Shares

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Duelee: 1:50pm On Mar 15

I always like to think that Nigeria has seen her best days, soft days , good days, and those DAYS are far long behind us now.

As with life changes, innovations, and inventions and enhancements and advancements are always constant. But the days of saying Nigeria is my country with full chest and shoulders raised High are already behind us.

The few patriots left (of I can count) are greatly what you term the benefits crews of every successive governments.

In the other news: I'm presently buying LinkedIn accounts. What'sapp 09.=0257=03.36.6

2 Likes 1 Share

Re: Inflation Rises From 29.90 To 31.70 Percent In February by unite4real: 1:52pm On Mar 15

Mrchippychappy:
We Nigerians are the problem

Buy Kunu instead of Pepsi

Made in Nigeria kpomo instead of oyibo chicken

King T Black instead of Johnny Sins

Buy Nigerian. Reno already told us how to come out of this situation

Re: Inflation Rises From 29.90 To 31.70 Percent In February by youngrichnigga: 1:52pm On Mar 15

We're already halfway through March, in saner climes inflation rate is predicted based on socioeconomic indices but here we're being fed with concocted lies.
Even to non economists, the current inflation in Nigeria is obviously more than 40% undecided

10 Likes 1 Share

Re: Inflation Rises From 29.90 To 31.70 Percent In February by adekanmbi1986(m): 1:53pm On Mar 15

Re: Inflation Rises From 29.90 To 31.70 Percent In February by 4mee: 1:55pm On Mar 15

https://www.youtube.com/watch?v=cujUqQb76Xc

Things are happening o

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Cincinnatus: 1:55pm On Mar 15

That's what you get when you print money carelessly like the illiterate PMB.

1 Like

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Ezeifeduba: 1:56pm On Mar 15

All hail APC govt. We are enjoying the next level and consolidation of their plans

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Flexlord2(m): 1:57pm On Mar 15

The current inflation rate is more than 55%. Nigeria is a joke

5 Likes

Re: Inflation Rises From 29.90 To 31.70 Percent In February by CrossRhodes: 1:59pm On Mar 15

Funkyswagzz:
I thought they said dollar came down since we depend on importation, price of goods should drop. The criminal intentions of this government has been exposed. Reno is no longer ranting as usual the guy is so quiet these days.

He's waiting for Obi to tweet

6 Likes 1 Share

Re: Inflation Rises From 29.90 To 31.70 Percent In February by omowolewa: 2:00pm On Mar 15

Tor,

Re: Inflation Rises From 29.90 To 31.70 Percent In February by plucky16(m): 2:04pm On Mar 15

Hope say e no go reach 100 soon

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Westman001: 2:06pm On Mar 15

You sure you're not mistaking with this stat.

The inflation I'm seeing is like 75.36% o. When a cup of garri is #200 compared to #50 last four months

While country like Argentina with reasonable leader is dropping inflation rate everyday.
The silly incompetent people we have here have no good differences to make rather than make it worse every minute.

4 Likes

Re: Inflation Rises From 29.90 To 31.70 Percent In February by DatNiggaDaz: 2:09pm On Mar 15

Emilokan

The certificateless first class graduate of Accountancy frpm the streets of Chicago. I hail o grin

1 Like

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Angelfrost(m): 2:09pm On Mar 15

Mrchippychappy:
We Nigerians are the problem

Buy Kunu instead of Pepsi

Made in Nigeria kpomo instead of oyibo chicken

King T Black instead of Johnny Sins

Buy Nigerian. Reno already told us how to come out of this situation

How many Nigerians can afford foreign products?!!

How many Nigerians currently buy foreign products when Local alternatives are cheaper?!!

Na the same Nigerians wey dey trek and collapse dey chase foreign products?!!

Just dey follow that idiot Reno dey cap upandan.

5 Likes 3 Shares

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Procashtips(m): 2:14pm On Mar 15

Maybe Binance/cryptocurrency caused this.

1 Like

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Ofunaofu: 2:15pm On Mar 15

Re: Inflation Rises From 29.90 To 31.70 Percent In February by SirLakes: 2:21pm On Mar 15

E be like say agbadorians don dey chop statistics like this ooo

1 Like

Re: Inflation Rises From 29.90 To 31.70 Percent In February by JChris01: 2:21pm On Mar 15

Facts on paper makes the suffering looks mild.

On the streets Nigerians are hungry and going through hardship caused by
i. Poor leadership decisions.
ii. insincerity of govt.
iii. lack of political will to salvage the country.
iv. partisanship and nepotism, thereby himdering capable hands in running national affairs.
v. High cost of running the govt and over bloatted spending... just to mention a few.

1 Like

Re: Inflation Rises From 29.90 To 31.70 Percent In February by tefishy(m): 2:28pm On Mar 15

Even the heat should be added to this inflation statistics because everywhere dey boil like this

2 Likes

Re: Inflation Rises From 29.90 To 31.70 Percent In February by Tochi360: 2:37pm On Mar 15

Ok oo.

Let's wait for the APC urchins to come wail and cry Obi,Pdp, Predecessor, Obideint grin

They have never had anything meaningful to offer since 2015 all They can ever dish out is BLAME,BLAME, BLAME,BLAME and more BLAMES grin

May the strongest stand tall on Grace.

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