The cost of goods and services in Nigeria improved for the first time in over a year following a series of policy implemented by the Central Bank of Nigeria to manage consumer prices and moderate foreign exchange.

The consumer price index which measures inflation rate rose 17.78 percent, year-on-year, in February. This was 0.94 percent lower than 18.72 percent recorded in January, the National Bureau of Statistics reported on Tuesday.

However, on a monthly basis, the cost of goods and services surged by 1.49 percent in February, which was 0.48 percent more than 1.01 percent increase recorded in January.

Accordingly, price increases were recorded across all COICOP divisions but the major division responsible for accelerating the rate of increase were water, housing, electricity, gas and other fuel, education, food and alcoholic beverages, clothing and footwear and transportation services.

http://investorsking.com/nigerias-inflation-declines-to-17-78/

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. Investors King's January 14, 2017, projection

The reduced pace of increase is in line with Investors King Ltd projection that surge in global oil prices would buttress CBN efforts and reinforce the attractiveness of Nigerian market as an investment destination. Therefore, further adjustment is expected as long as the current level of oil production is sustained, while both the gross domestic product and unemployment rate are projected to improve henceforth. March 14, 2017 projection

We expect further improvement across all sectors and gradual economic recovery in the second quarter.

Just in one month?!

Cool

On paper abi? Where have u ever seen price go down after increasing in Nigeria. These useless people no even know wetin de happen for town

News: Herdsmen attack a community, seven reported dead.

Reno Simlin O'fockery and his Slaves: Why won't they attack when their commander in chief is back! Everything is going bad since Buhari came back.

News: Naira appreciates against the dollar as inflation declines.

Reno Simlin O'fockery and his Slaves: Nonsense news from Liar Mohammed.



OmenkaLives: vvvv

Booked

Ok

love

I think this is a result of the crash in the Naira/dollar exchange rate. Forex is always a major driving force of high inflation and once we can get it to be stable, inflation will be under control significantly.

Thank God...

God Bless PMB, PYO nd every other citizen dah wish the country good





Some people no go hapi 2day...
Click LIKE for them

ON PAPERS BUT NOT IN D MARKT

Dafuq? Last I checked, bread is still double price.

Nonsense decline

Change is a gradual process

This is the reason why the CBN must continue the fight against the dollar mafia and bring up the Value of the naira because everything is dependent on the dollar value, now that the naira has got some value back you can see inflation has reduced.

The enemies of Nigeria are those saying the CBN policy is not sustainable or temporary, well as long as income from oil export increases this policy is sustainable, expecially with peace in the Niger delta, some are even saying we are depleting our reserves, the last time I checked the reserve increased in value.

It only a wicked father that will keep money in bank while his family is suffering in the same vein Nigeria Via CBN must save the naira, every nation defends it currency those saying we should float the naira don't even know what they are saying, floating your currency is like opening your border for everything and everyone to enter without checks. Hoarders of the dollar will surely lose money and will regret, Nigeria economy will bounce back

Is this information from our Lie Lie Muhammed..?

liessss

It'll only get better

omenkaLives:
News: Herdsmen attack a community, seven reported dead.

Reno Simlin O'fockery and his Slaves: Why won't they attack when their commander in chief is back! Everything is going bad since Buhari came back.

News: Naira appreciates against the dollar as inflation declines.

Reno Simlin O'fockery and his Slaves: Nonsense news from Liar Mohammed.



OmenkaLives: vvvv

Just STFU. jumping on every thread posting gibberish!

Shortyy:

Just STFU. jumping on every thread posting gibberish!

Seen.

For naija everybody turn to economist finish

A tube of oral-b toothpaste is still N350....which inflation come down.....una go jus dey conjure numbers to deceive the international community. Prices of goods dt ve skyrocketed since buhari made them are yet to skydive till as am posting this...

Ridiculous country

Truth234:
The cost of goods and services in Nigeria improved for the first time in over a year following a series of policy implemented by the Central Bank of Nigeria to manage consumer prices and moderate foreign exchange.

The consumer price index which measures inflation rate rose 17.78 percent, year-on-year, in February. This was 0.94 percent lower than 18.72 percent recorded in January, the National Bureau of Statistics reported on Tuesday.

However, on a monthly basis, the cost of goods and services surged by 1.49 percent in February, which was 0.48 percent more than 1.01 percent increase recorded in January.

Accordingly, price increases were recorded across all COICOP divisions but the major division responsible for accelerating the rate of increase were water, housing, electricity, gas and other fuel, education, food and alcoholic beverages, clothing and footwear and transportation services.

http://investorsking.com/nigerias-inflation-declines-to-17-78/

When there was actual governance, that is during the period of Acting President Osinbajo, the inflation rate dropped.


Unless we want to deceive ourselves, this is not a coincidence.

Prior to that, we had mere politics. Now Buhari is back, it will be, as usual, politics.
Watch the inflation rate rise back.

omenkaLives:
Seen.

why don't you run to your masters and report me? or should I say your puppets? tsk. Big baby.

apcmustwin:
On paper abi? Where have u ever seen price go down after increasing in Nigeria. These useless people no even know wetin de happen for town

this is a clear prove that you ipods are only here to make noise or to lie.
the price of almost everything has come down, especially the price of palm oil by 50% reduction.

let this improvement reflect on the street, else this news is useless

Shortyy:

why don't you run to your masters and report me? or should I say your puppets? tsk. Big baby.

Seen again.

Very sure you are one of Reno's friends.

You mean nothing to me jor. Don't get too excited I responded to you.

Bye.

Inflation declined to 17.78%?
For which country?
Abi you want make I begin list the price of things wey no gree come down?
Naija made Eva Soap jumped from #100 to #200
Garri 3cups for #200 as against 5cups for #100
Taxi drivers also increased transportation fare
And so on...
Make this government stop to use paper work decive us. I don tire to the read their unnecessary paper lies
Add your own contribution if you still thing that the cost of commodity has gone down