Two things can be attributed to the slightly reduced inflation figure:
1. Small increase in crude oil in the first two months of 2017
2. Forex

More people are exchanging the Naira for the Dollar now that there is availablilty of the Greenback
So the amount of Naira in the system will go down but not for long except we have an infinite supply of greenback.

omenkaLives:
Seen again.

Very sure you are one of Reno's friends.; D

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

Bye.

Why would I mean anything to a tout? lol don't be silly. Come to think of it, you don't chat like him. You're prolly one of his jobless cheerleaders.

Ta ta.

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

If you don't understand, just ask. Inflation rate of more than 17% mean prices still rose. However, the rate of increase is lower than in the corresponding period

mathew2oa:
let this improvement reflect on the street, else this news is useless

the street is feeling the reduce price of almost everything.
is it palm oil,rice,kero and cooking gas etc, except the price of garri because of the dry season

thunderbabs:
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

If Oral-B is 350 in January and February, for that product, inflation rate us zero! If it increased by 100 on January and 90 in February, it’s rate of increase has reduced. Not that it's price did not increase, but the rate at which it increases has reduced. Inflation rate is presently more than 17%. This means prices of goods and services averagely increased by 17% but this is lower than the more than 18% of the previous month. Hope you understand

mfm04622:


If Oral-B is 350 in January and February, for that product, inflation rate us zero! If it increased by 100 on January and 90 in February, it’s rate of increase has reduced. Not that it's price did not increase, but the rate at which it increases has reduced. Inflation rate is presently more than 17%. This means prices of goods and services averagely increased by 17% but this is lower than the more than 18% of the previous month. Hope you understand

#yinmu..... Who is this on ma mention sef? Go to yaba market and explain better to consumers on the street. Iraanu. Na only u study economics for school, bah? Gerrrraaaahiiiiaaaa

I doubt if all these guys in the market will reduce price of commodities.
Once they hear anything relating to dollar, they just inflate prices anyhow even if it's old stock of two years ago.

18% to 17% is cause for celebration. Year over new everything is still climbing. Most prices are still raising month over month.

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

WHAT IS THIS ONE SAYING

seunmsg:
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.

we r thinking in d same way. God will help our country in shaa Allah!

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/

... Make una the deceive una self

Country people, the proof of the pudding is in the eating.

Can anyone confirm this reduced prices from buying food, clothes, provision, gadgets, transportation, buying fuel, paying school fees and other expenditures?

mfm04622:


If you don't understand, just ask. Inflation rate of more than 17% mean prices still rose. However, the rate of increase is lower than in the corresponding period

I understand from what I buy in the market and there's no difference so swerve go one side.

Jesusloveyou:
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.

yeyenatu. So na only palm oil u go chop. Ur case is beyond redemption

Cameroon has an inflation rate of <2.5. Nigeria "Giant of Africa", I hail o!

Cameroon has an inflation rate of <2.5%. Nigeria "Giant of Africa", I hail o!

Jesusloveyou:
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.

Probably in your area but not in mine

Truth234:




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

Same way you predicted last year?

Jesusloveyou:
the street is feeling the reduce price of almost everything.
is it palm oil,rice,kero and cooking gas etc, except the price of garri because of the dry season

Na dry season make garri cost abi? Prof of foolish economics, do you understand the post at all?

apcmustwin:
yeyenatu. So na only palm oil u go chop. Ur case is beyond redemption

you ipods also sing with the price of palm oil, that palm oil is now 4000 per gallon of 4litre, but today is now 1500, that is more than 50% reduction.

asuustrike2009:

Probably in your area but not in mine

why not come to my area to buy what you want

Jesusloveyou:
the street is feeling the reduce price of almost everything.
is it palm oil,rice,kero and cooking gas etc, except the price of garri because of the dry season

Really, if so why are pple stil complaining?

False news. Things are still costly here.

mathew2oa:

Really, if so why are pple stil complaining?

that is nigeria factor, they dont know why they are wailing,
They want buhari to give everybody free money.
They want jesus to steal from peter and give paul,
That is why they complain.

Jesusloveyou:
why not come to my area to buy what you want

I don't need to come because it will add more cost to what I will sell to my customers. Things hasn't come down as acclaimed by you in most places

https://www.youtube.com/watch?v=7ylNJdOj3Yo

Nigeria Inflation Falls