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Nairaland Forum / Nairaland / General / Politics / BREAKING: Nigeria's Inflation Drops To 11.26% In October (5768 Views)
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BREAKING: Nigeria's Inflation Drops To 11.26% In October by dipoolowoo: 11:32am On Nov 21, 2018 |
By Dipo Olowookere Inflation rate in Nigeria declined to 11.26 percent in the month of October 2018 after rising for two consecutive months; August and September. According to data released on Wednesday morning by the National Bureau of Statistics (NBS), the inflation dropped to 11.26 percent from 11.28 percent recorded in September 2018. Business Post reports that on month-on-month basis, the headline index increased by 0.74 percent in October 2018, down by 0.09 percent points from the rate recorded in September 2018 (0.83) percent. The percentage change in the average composite CPI for the twelve months period ending October 2018 over the average of the CPI for the previous twelve months period was 12.78 percent, from 13.16 percent recorded in September 2018. The urban inflation rate increased by 11.64 percent (year-on-year) in October 2018 from 11.70 percent recorded in September 2018, while the rural inflation rate increased by 10.93 percent in October 2018 from 10.92 percent in September 2018. On a month-on-month basis, the urban index rose by 0.76 percent in October 2018, from 0.86 percent recorded in September, while the rural index also rose by 0.72 percent in October 2018, down from the rate recorded in September 2018 (0.82) percent. However, Nigeria’s Statistician General, Mr Yemi Kale, disclosed on Wednesday that food inflation jumped to 13.38 percent year-on-year in October from 13.31 percent in September, with the core inflation increased to 9.9 percent year-on-year in October from 9.8 percent. This rise in the food index was caused by increases in prices of Fruits, Meat, Vegetables, Potatoes, yam and other tubers, Bread and cereals, and Oils and Fats. On month-on-month basis, the food sub-index increased by 0.82 percent in October 2018, from 1.00 percent recorded in September. The average annual rate of change of the Food sub-index for the twelve-month period ending October 2018 over the previous twelve-month average was 15.36percent, from the average annual rate of change recorded in September (15.92) percent. https://really-simple-ssl.com/knowledge-base/how-to-setup-google-analytics-and-google-search-consolewebmaster-tools/ 1 Like |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by dukie25: 11:37am On Nov 21, 2018 |
As long as lifeless remain our president, the figures would rise again. 8 Likes 1 Share |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by oyebanji44: 11:38am On Nov 21, 2018 |
Sai Baba you go enter ..na you biko..l" m very surprised to see politicians and masses joining heads to gether to complain abt sai Baba in Nigeria..Buhari is really workin.for sure 18 Likes 2 Shares |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by tayebest(m): 11:41am On Nov 21, 2018 |
dukie25: Just the way you said we'll plunge into recession again, but you were disappointed eventually! 34 Likes 4 Shares
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Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by oyebanji44: 11:46am On Nov 21, 2018 |
For the first time in Nigeria .masses and politicians are cooperating and complaining bitterly together..against buhari l support pmp all d way. 4 Likes 1 Share |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by eTECTIV: 11:50am On Nov 21, 2018 |
It is only a clueless govt dat will release such figures claiming inflation has dropped while prices and at d same time claim fud inflation is on d rise.. Let dem kip deceiving d gullible ones like dis one oyebanji44: Wateva U have been smoking is definitely bad for ur brain... 2 Likes 1 Share
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Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by MexxIT(m): 11:52am On Nov 21, 2018 |
Jus imagine.. Dis ppl are funny.. Inflation dropped from 11.28% to 11.26% ? And still yet dey admitted prices of fud items have gone up?? What kind of useless contradictory statement is dat 25 Likes 3 Shares
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Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by Nobody: 11:58am On Nov 21, 2018 |
NEXT LEVEL PROPAGANDA 3 Likes |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by FrankTalk1: 11:59am On Nov 21, 2018 |
Hmmmm. How has this figures translated to reality in the lives of the common Nigeria? Meanwhile, see 20 THINGS YOU SHOULD AVOID TO GET WEALTHY FASTER. |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by INTEGRITYA1(m): 11:59am On Nov 21, 2018 |
Okay |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by Bizmagnet: 11:59am On Nov 21, 2018 |
Campaign season news, I guess. Kudos to baba if through anyway. Do you want quality blogs, websites and softwares for your ideas, companies, schools, churches and businesses. WhatsApp me today on: 081 two three four 199 six seven? |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by lesbiconverter: 11:59am On Nov 21, 2018 |
After going far high uphill 1 Like
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Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by olametrix(m): 11:59am On Nov 21, 2018 |
na today |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by AGNESikpuNNU(f): 11:59am On Nov 21, 2018 |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by deboysben(m): 12:00pm On Nov 21, 2018 |
Next come see how it will rise fast Besides we are waiting How petrol will be sold this coming Xmas |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by Nobody: 12:00pm On Nov 21, 2018 |
THIS IS PROPAGANDA 1 Like 1 Share |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by KanwuliaExtra: 12:00pm On Nov 21, 2018 |
With the rate of unemployment rising? Cooked up statistics. |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by godwinstringed1(m): 12:01pm On Nov 21, 2018 |
. |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by GentleMoney: 12:01pm On Nov 21, 2018 |
Hmm.. |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by RevenGeMission: 12:02pm On Nov 21, 2018 |
Is the shidren of hate Anything negative is their good news Anything good is bad news for them tayebest: 2 Likes 1 Share |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by ogatboy(m): 12:02pm On Nov 21, 2018 |
tayebest: No recession is sure set to hit in at the middle of next year. The worst in Nigeria history. Wait for it |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by Nobody: 12:02pm On Nov 21, 2018 |
How did they come about this data? I am seriously ready to serve as a volunteer for NBS because I wonder what parameters they use to conjure their results. |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by kumakunta: 12:02pm On Nov 21, 2018 |
Let the sentimental economics begin . |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by kumakunta: 12:03pm On Nov 21, 2018 |
renewa29:With your diploma in animal husbandry? 2 Likes |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by Splashme: 12:05pm On Nov 21, 2018 |
Nonsense |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by lordpsyko: 12:09pm On Nov 21, 2018 |
tayebest: What do you expect from children of anger? Shameless louts 1 Like |
Re: BREAKING: Nigeria's Inflation Drops To 11.26% In October by argon500: 12:09pm On Nov 21, 2018 |
Good news Only an enemy of progress won't be happy with this news See them above. Children of 8 1 Like |
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