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Nigeria’s Inflation Drops For 9th Straight Month To 15.91% by olokeded: 1:37pm On Nov 15, 2017
The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.91 per cent in October from 15.98 recorded in September.

The NBS disclosed this in its “CPI Oct. 2017 Report’’ released on Wednesday in Abuja.

The CPI, which measured inflation, increased by 15.91 per cent (year on Year) in October 2017

According to the bureau, this is 0.07 per cent points lower than the rate recorded in Sept. (15.98) per cent.

It said the index made it the ninth consecutive decline or slowdown in the inflation rate, though still positive in headline year-on-year inflation, since January.

According to the report, increases have been recorded in all the classification of individual consumption by purpose (COICOP) divisions that yielded the Headline Index.

The NBS said there was an average headline year on year inflation for the first five months of the year (January to May 2017) which stood at 17.45 per cent.

It said average headline year on year inflation for the next five months of the year (June to October 2017) also stood at 16.01 per cent.

The report further said the values indicated disinflation from June to date, compared to from January to May 2017.

On a month-on-month basis, the report noted that the headline index increased by 0.76 per cent in October 2017, 0.02per cent points lower from the rate of 0.78 per cent recorded in September.

The report said this development represented the fifth consecutive month-on-month contraction in headline inflation since May 2017.

It said average headline month-on-month inflation for the first five months of the year (January to May 2017) stood at 1.54 per cent.

The NBS said the average headline month-on-month inflation for the next five months of the year (June to October 2017), stood at 1.06 per cent, indicating disinflation from June to date, compared to from January to May 2017.(NAN)


http://metronaija.com/nigerias-inflation-drops-9th-straight-month-15-91/

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Re: Nigeria’s Inflation Drops For 9th Straight Month To 15.91% by 20pence: 1:38pm On Nov 15, 2017
Really?
Re: Nigeria’s Inflation Drops For 9th Straight Month To 15.91% by Blue3k(m): 1:41pm On Nov 15, 2017
Nothing significant.

1 Like

Re: Nigeria’s Inflation Drops For 9th Straight Month To 15.91% by SillyMods: 1:52pm On Nov 15, 2017
PMB is Da Boss.

Another source of MIGRAINE for IPOBs and other wailing touts who hate good reforms.
Re: Nigeria’s Inflation Drops For 9th Straight Month To 15.91% by SillyMods: 1:52pm On Nov 15, 2017
Blue3k:
Nothing significant.

Painment!
grin grin grin grin

Any drop in inflation, no matter how little, in any economy, is a good indication that the economy is performing better.

How much more a seven consecutive drop in an economy that was bastardized by the last thieving gang of pen robbers?

Hatred will kill many of you kids who fill our cyber space.
Re: Nigeria’s Inflation Drops For 9th Straight Month To 15.91% by Blue3k(m): 1:53pm On Nov 15, 2017
SillyMods:
[s][/s]

Painment!
grin grin grin grin

Lol what a sad retort. Only a daft person calls a 1% drop in inflation significant. The inflation rate is still over 15%.

1 Like

Re: Nigeria’s Inflation Drops For 9th Straight Month To 15.91% by SillyMods: 1:57pm On Nov 15, 2017
Blue3k:


Lol what a sad retort. Only a daft person calls a 1% drop in inflation significant. When the inflation rate is still 15%.
If the white powder in your skull is working, you'd understand that even 0.5% drop in inflation means a lot, especially a sustained drop for seven months.

Shame no dey catch you?
Re: Nigeria’s Inflation Drops For 9th Straight Month To 15.91% by Blue3k(m): 2:04pm On Nov 15, 2017
SillyMods:

If the white powder in your skull is working, you'd understand that even 0.5% drop in inflation means a lot, especially a sustained drop for seven months.

Shame no dey catch you?

Lol the codeine must be effecting your brain. The rate is still over 15%. Your purchasing power cratering and you're over here celebrating with a bottle of champagne. It just shows your ineptitude knows no bounds. Common sense can't catch you it seems.

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Re: Nigeria’s Inflation Drops For 9th Straight Month To 15.91% by SillyMods: 2:45pm On Nov 15, 2017
Blue3k:


Lol the codeine must be effecting your brain. The rate is still over 15%. Your purchasing power cratering and you're over here celebrating with a bottle of champagne. It just shows your ineptitude knows no bounds. Common sense can't catch you it seems.
You're not making any sense kid.
Re: Nigeria’s Inflation Drops For 9th Straight Month To 15.91% by Blue3k(m): 2:51pm On Nov 15, 2017
SillyMods:

You're not making any sense kid.

You don't understand economic thats why you're cinfused. Why else are you celebrating your purchasing power decreasing by over 15%. Your income has to increase by 16 percent just to offset the effects of inflation. Unless you your don't care about saving for retirement or saving money in general this wouldn't matter.

To put it simply only a daft person celebrates a 15% inflation rate. It makes no sense to other wise. All a drop in inflate rate signals is your a losing less of your purchasing power.

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