While latest indicators have shown that the nation’s inflation rate is easing, there are divided sentiments on the reality of the claims as food and other household items remain steadily high, despite various interventions by the government.

According to the National Bureau of Statistics (NBS), the latest inflation rate, for the third consecutive month marginally declined by 0.02 per cent to 17.24 per cent, from the 17.26 per cent recorded earlier in March.

Stakeholders in the real sector had noted that food and other commodity prices would remain high till the second half of 2016 if the Central Bank of Nigeria sustains its intervention in the real sector.

Though the planting season is still in play, there are fears that the Ramadan fast may also spike food prices even as operators seek consistency in government’s intervention through fiscal and monetary policies.

culled from Guardian

Government---- prices are going down
Reality----- prices are doubling
Who is fooling whom?

Although, the CBN stated that the composite Purchasing Managers’ Index (PMI) for the non-manufacturing sector is at the edge of growth after 16

months of decline, activities at the retail end reveal a contradiction to the claims by the bank, even as operators believe the impact of the apex

bank’s interventions may not be felt until the second half of the year when old stocks may have been sold.

Already, local producers of consumer goods are struggling to maintain a balance in the management of input costs and price consumers are

willing to pay for products, even as many continue to increase their inventories for the fear of further instability in the foreign exchange

management policy as well as intensify their backward integration agenda.

Don't mind the senseless eediots seated in a cozy room cooking figures to paint Nigeria good to the rest of the world while Nigerians are struggling to have 2 meals per day

You are comparing current prices to rate of inflation for previous months being reviewed by the NBS.

A drop in inflation rate does not mean prices are not increasing, but that the rate at which they are rising is dropping.

The current inflation for food prices is based on pure speculation, sellers trying to take advantage of Ramadan shopping where Muslims buy a lot just before, during and after the month.

Comos is this an old report? Why is it talking about 2016?

Inasmuch there is no room for compitetion price will never go down