The cost of living in Nigeria rose slightly in November, following a surge in housing, water, electricity, fuel and clothing.

The consumer price index, which measures inflation rate rose 18.48 percent from a year earlier, according to the National Bureau of Statistics report released on Thursday. The figure was 0.15 percent higher than 18.33 percent recorded in October.

While, the highest increases were seen in housing, water, electricity, energy and clothing. The communications and insurance indexes recorded the lowest increase in November, rising 5.61 percent and 6.76 percent respectively.

On a yearly basis, the food index surged 17.19 percent in November, up by 0.10 percent from the 17.09 percent recorded in October.

On a three-month average, the data showed a steady slowdown in the rate of increase, suggesting that prices are moderating gradually.

“While it is rising, the pace of increase has been slow; which suggests that the problems are being gradually resolved,” said Dr. Yemi Kale, the statistician general of the federation and chief executive, NBS. “If you look at the rate of inflation, it’s been rising at a slower rate for the last four months.”

Also, the NBS reported on Thursday that the country’s unemployment rate climbed from 13.3 percent recorded in the second quarter of the year to 13.9 percent at the end of the third quarter. This report further confirmed the gradual moderation in the figures as federal government continued to devise means to curb economic recession through its proposed 7.3trillion budget.

http://investorsking.com/inflation-rate-rises-slightly-in-november/

Can anything good come out buhary??

BeeBeeOoh:
Can anything good come out buhary??

Yes his daughter just landed a billionaire husband....isnt that something good

BoleynDynaSTY:


Yes his daughter just landed a billionaire husband....isnt that something good

oh I forgot. By next week rice will sell for N5000 per bag, our economy will start booming, people that were sacked will be called back, $1 will be equal to N1, light will be 24/7, PMS will be N40 per litre




Sai Barber

BeeBeeOoh:
oh I forgot. By next week rice will sell for N5000 per bag, our economy will start booming, people that were sacked will be called back, $1 will be equal to N1, light will be 24/7.




Sai Barber

so you're one of those who aren't being fair to bubu abi

BoleynDynaSTY:
so you're one of those who aren't being fair to bubu abi

Please dear, when has listing someone's achievements became a crime??



We(I) are trying to let the world see buhary's achievement s nah

November OP must be kidding. inflation was on ground right from his day 1 in office. Incase you dont know Inflation na Buhari's Nick name now; their two follow come rule for Nigeria.

We seriously need divine intervention.

And what happened to the great ideas thrown at us during that campaign by "Osinbade"?
Are they no longer implementable?

Let us not forget our brothers, our hearts go out to those who lost their hard earned money to MMM. May the good Lord grant you the courage to bear the loss.

WHY AM HAPPY THAT MUHAMMADU BUHARI IS THE PRESIDENT*!!!

*...OD..*

*Today, I want to take time and thank GOD for making Buhari the president of this country*.

*At first, I did not understand why GOD allowed it to happen. But now I know and I HAVE SEEN reasons why we should accept his Presidency*.

*Had it been Buhari did not become President*:

*1. We will think that by now fuel will be #45 per litre*.

*2. We will think that by now #1 will be equal to $1*.

*3. We will think that by now three million jobs would have been created*.

*4. We will think that by now unemployed youths would have been receiving #5,000.00 stipends*.

*5. We will think that by now pupils would have been getting at least a meal(including fruits) in school*.

*6. We will think that by now Buhari would have made his assets and liabilities public*.

*7. We will think that by now maternal and children healthcare services would be free*.

*8. We will think that by now Boko Haram will be a thing of the past*.

*9. We will think that by now all corrupt leaders will be in jail*.

*10. We will think that by now Electricity will be 24/7*

*11. We think that by now Nigeria will be the Greatest and strongest Economy in the world*.

*12. We will think by now a bag of rice will be N5000 with a boom in Agriculture*.

*13. We will think by now Nigeria would have recovered all looted funds*.

*14. We will think by now Nnamdi Kanu would have declared Independent State of Biafra*.

*15. We will think that by now Nigeria would have gotten 3 standard working Refinery*.

*16. We will think that by now Nigeria would have stopped importation of fuel*.

*17. We will think by now office of the First Lady will no longer exist*.

*18. We will think by now National Assembly salary would have been cut down to 50%*.

*19. We will think that by now 720,000 jobs by the 36 states in the federation yearly (20,000 per state) would have been created*.

*20. We will think that by now there would be permanent peace in the Niger Delta*.

*21. We will think that by now Chibok girls would have been rescued*.

*22. We will think that by now the government would have started creating additional middle-class of at least two million new home owners in the first year in government and one million annually thereafter*.

*23. By now everybody will be blaming Goodluck Jonathan and calling him clueless*.

*The list is almost endless..."*

*This is Nigeria of 2016*

*The Minister of Agriculture studied French*

*The Minister of Education studied Accounting*

*The Minister of Solid Minerals studied International relations*

*The Minister of Power studied Law*

*The Minister of Communications studied Law*

*The Minister of Transport studied English*.

*Minister of Labour and Employment studied Surgery*


*Minister of Budget and national planning studied law*

*Minister of Foreign Affairs studied Medicine*

*Minister of Petroleum studied Law*

*IGP studied Agriculture*

*I didn't say anything ooo but I hope u know why our economy is on recess*.

*THANKS*

APC has totally finished this Country


It's 460 a dollar already. This dollar hike is really affecting goods in the market..

You say make I go school I don go school finish no JOB no better Inflow of capital .... Una say make I learn hand work I don de learn now.. But give me stable,better economy with valuable currency make I fit survive, na wahala ...

GOD is too merciful to Nigerian politicians(Good health, long life etc just look at them chai) . . He shows them divine mercy which millions of poor people in this country are yet to have in their lives, i don't just understand the puzzle mehnnn.

Its darkest before dawn... Keep calm my people

We'll Surely correct this erroneous mistake in 2019

Yesterday, d prices of goods fell in lagos, 2day, d cost of living in Nigeria generally became high, no wahala ooo, APC I hail una

Zombies would justify this report and tell you it was cause past regime...

Let's hear what they have to say....

In November, spag went from 180 to 250,

Superpack went from 80 - 90


Change indeed!

Nigeria economy crashed
Ultimate cycler crashed
MMM freezes
Bet9ja reduces odds
Salaries pending.....
Super Falcons not paid allowances.

Na who this Country offend na

Hahaha! she was forced to marry a billionaire son cus of the recession the dad casused

BoleynDynaSTY:


Yes his daughter just landed a billionaire husband....isnt that something good

Bet who

The dull minister of finance KEMI ADEOSUN comes to my mind....... In her voice "RECESSION IS JUST A WORD"

PMB and KEMI have dullness in common.

***Nigerians are still enjoying the prosperity of PDP by next year when the real APC change hit Nigerians the HAfonjas and HABOKIS will start eating themselves.

BoleynDynaSTY:


Yes his daughter just landed a billionaire husband....isnt that something good

story

ok

ok

Nigerian Economic with a lot of dilemma.

In Guardian newspaper's words "prices run wild"

When iare things gonna get beta?...dis govt av got no plans whatsoever...

sledjama:
We seriously need divine intervention.

And what happened to the great ideas thrown at us during that campaign by "Osinbade"?
Are they no longer implementable?

^^^
Take osibanjo, the professor of lying serious at ya own peril.
Nigeria situation has gone past becareful. If u have the visa of any african country, start heading there cos 2017 will be hell, with the way things is sleeping out of buhari and his incompetent ministers.

Legalize MMM inflation will drop

Watch Amina Mohammed



https://www.youtube.com/watch?v=_jvOzMF6I-M

herzern:

It's good to notice that someone always shuts his dirty trap when he has no reasonable thing to say.


Mentcee
Ogathetop
#can'tbesilenced

From technically in recession to slight rise in inflation, hehehehe all this people self, who told them inflation rose slightly?

Buhari don finish dis country.
I now believe Chinua Achebe was right