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Nairaland Forum / Nairaland / General / Business / Nigeria's Inflation Rate Rises Less Than Forecast (9725 Views)
Nigeria’s Inflation Rate Rises To 12.82% In July, As Food Prices Surge / Inflation Rate Rises From 11.14% To 11.23% In August – NBS / Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs (2) (3) (4)
Nigeria's Inflation Rate Rises Less Than Forecast by Truth234(m): 3:30am On Jan 14, 2017 |
The cost of living in Nigeria rose less than forecast in December, following a series of measure put in place by the central bank to moderate the persistent rise in prices of imported goods in the country. The consumer price index which measures inflation rose from 18.48 percent in November to 18.55 percent in December, the National Bureau of Statistics reported on Friday. According to the report, the surge in the price of electricity, housing, water, clothing, footwear and education, slightly increase the index by 0.07 percent. It reads in part, “During the month, the highest increases were seen in housing, water, electricity, gas and other fuels, clothing and footwear, and education.” “Communication and restaurants and hotels recorded the slowest pace of growth in December, growing at 5.33 per cent and 8.91 per cent (year-on-year) respectively. On a critical look into the details of the report, the inflation rate appears cooling in recent months, when compared with the rate of increase in the early months of 2016. For instance, costs rose 0.48 percent in October, surged 0.15 percent in November and increased by 0.07 percent in December. This shows the rate of increase is declining and likely to continue going forward, especially if the CBN fulfilled its promise of prioritising foreign exchange allocation to manufacturers in the first quarter of 2017. However, analysts at Investors King Ltd., are optimistic that inflation rate will start declining in the first quarter of the year as the increase in business confidence due to OPEC successful consensus is likely to renew investment rush and attract enough capital importation needed to offset current forex deficit. http://investorsking.com/nigerias-inflation-rate-rises-less-than-forecast/ 2 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by Atiku2019: 3:44am On Jan 14, 2017 |
4 Likes
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Re: Nigeria's Inflation Rate Rises Less Than Forecast by Horus(m): 4:20am On Jan 14, 2017 |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by klbakare(m): 4:27am On Jan 14, 2017 |
Buhari is a failure...shame Baba! Mobilize your constituency against buhari come 2019 18 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by hmuhammad(m): 4:58am On Jan 14, 2017 |
klbakare:here in the north, we will mobilise our constituency to vote en mass for PMB. 17 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by Sibrah: 6:26am On Jan 14, 2017 |
klbakare:Even when the Buhari govt clearly reduced the impending hardship as clearly reported you still show your bigotry for all to see. Keep it up, it won't change a damn thing for candidate-less region and party. 8 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by AfonjasMustProsper(m): 7:12am On Jan 14, 2017 |
I pray that the economy keeps getting worse I pray that $1 exchanges for 900 naira before next month I pray that things get more worse I pray that Buhari rules Nigeria for 100 years 3 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by rozayx5(m): 7:15am On Jan 14, 2017 |
Sibrah: zombieooooo kerosene is now diamond naira is dead grass cutting is now a multi million naira industry 22 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by Chiefpriest1(m): 7:20am On Jan 14, 2017 |
Make una dey lie. A paint bucket of garri has risen from N300 to N900. A ragolis bottle of red oil is now N1,600 from N400. Kerosine is now N400, from an average of N120, yet someone is living in another planet with fake statistics. 24 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by NNVanguard(m): 7:22am On Jan 14, 2017 |
It will take leader without ethnoreligious bigotry and sagacity to bring us out of this economic ditch. This leader could be you. Join the New Nigeria Vanguard for a great new Nigeria. 4 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by Presidiotbuhari: 7:28am On Jan 14, 2017 |
Even goat will defeat idiotic buharii in free and fair election 2 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by Bari22: 7:28am On Jan 14, 2017 |
The so called hardship is exageerated by wailers. |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by Aristo3146(m): 7:31am On Jan 14, 2017 |
rozayx5:Are u forgetting tomatoes was once a diamond too U said naira is dead...has it been anytime naira was alive? If u said grass cutting is a multi million naira business, what are u waiting for?pick ur tools and get to work, who knows grass cutting is ur divine calling.. 10 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by rozayx5(m): 7:33am On Jan 14, 2017 |
Aristo3146: at bolded shows your still in primary school eating from your mothers pot aint got your time 5 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by tammie24: 7:40am On Jan 14, 2017 |
Go to the market Nobody go tell you! |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by tammie24: 7:42am On Jan 14, 2017 |
hmuhammad:are we surprise.... no! 4 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by Aristo3146(m): 7:44am On Jan 14, 2017 |
rozayx5:U dont rush to comment because MTN gave u 10MB on a #100 recharge.. 4 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by aksule(m): 7:45am On Jan 14, 2017 |
The beauty of democracy is the freedom to air your views contrary to the popular held views. |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by ichidodo: 7:56am On Jan 14, 2017 |
Yeah...The rapid rate of inflation should slow down a bit this year all things been equal...all things been equal meaning without some crazed and dumbly thought out policies by el dumbo presidente and his minions. 4 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by abouzaid: 7:56am On Jan 14, 2017 |
hmuhammad:sorry bro,not in the north i know. 3 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by Nobody: 7:57am On Jan 14, 2017 |
Lies. Price of commodities is rising every day. 1 Like |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by maxtop(m): 7:58am On Jan 14, 2017 |
AfonjasMustDie: And what will be your gain if all the aforementioned prophesies come to pass ? 1 Like |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by AfonjasMustProsper(m): 8:02am On Jan 14, 2017 |
maxtop: I will be very happy to see people suffer for the bad choices they made by voting for buhari |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by ArcSEMPECJ(m): 8:08am On Jan 14, 2017 |
Even in the current hardship status of this country,.some born. Fools are of the thought that their region are in support of Buhari's Administration..I therefore pray that your homes and generations both born and unborn will remain as the way this Govt of Buhari has kept you Amen 2 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by IbrahimEazi(m): 8:18am On Jan 14, 2017 |
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Re: Nigeria's Inflation Rate Rises Less Than Forecast by abouzaid: 8:21am On Jan 14, 2017 |
funny enough they forgot to mention that the this is the highest level of inflation in the history of Nigeria. 3 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by Abdul3391(m): 8:31am On Jan 14, 2017 |
Buhari really tried ooo! ahh, we thank him for all his posters and everything in his campaign and even his precious time he took to be our president. But gaskiya we do again ooo! its ok like that. we thank am oo, but make hin dy go, all the things him wish us we am back. Baba pls pack and go u do us well u hear |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by adconline(m): 8:31am On Jan 14, 2017 |
Sibrah:So not voting for GMB is bigotry? Go find rice eat first then we talk about dictionary meaning of bigotry. 2 Likes |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by PHfinest(m): 8:35am On Jan 14, 2017 |
The rise reduced in December because CBN forced people not to spend by making money unavailable. It is similar to rationing. 1 Like |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by buffalowings: 8:35am On Jan 14, 2017 |
So what's the big deal.. Inflation still rose
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Re: Nigeria's Inflation Rate Rises Less Than Forecast by hmuhammad(m): 8:53am On Jan 14, 2017 |
abouzaid:then you don't know north 1 Like |
Re: Nigeria's Inflation Rate Rises Less Than Forecast by rusher14: 8:59am On Jan 14, 2017 |
Aristo3146: |
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