The consumer price index, (CPI) which measures inflation increased by 11.25 per cent (year-on-year) in March 2019. This is 0.06 per cent points lower than the rate recorded in February 2019 (11.31) per cent.

Increases were recorded in all COICOP divisions that yielded the Headline index.

On a month-on-month basis, the Headline index increased by 0.79 percent in March 2019, this is 0.06 percent rate higher than the rate recorded in February 2019 (0.73) percent.

The percentage change in the average composite CPI for the twelve months period ending March 2019 over the average of the CPI for the previous twelve months period was 11.40 percent, showing 0.16 percent point from 11.56 percent recorded in February 2019.

The urban inflation rate increased by 11.54 percent (year-on-year) in March 2019 from 11.59 percent recorded in February 2019, while the rural inflation rate increased by 10.99 percent in March 2019 from 11.05 percent in February 2019.

On a month-on-month basis, the urban index rose by 0.81 percent in March 2019, up by 0.05 from 0.76 percent recorded in February 2019, while the rural index also rose by 0.77 percent in March 2019, up by 0.06 from the rate recorded in February 2019 (0.71) percent.

The corresponding twelve-month year-on-year average percentage change for the urban index is 11.78 percent in March 2019. This is less than 11.95 percent reported in February 2019, while the corresponding rural inflation rate in March 2019 is 11.08 percent compared to 11.23 percent recorded in February 2019.

Food Index

The composite food index rose by 13.45 percent in March 2019 compared to 13.47 percent in February 2019.

This rise in the food index was caused by increases in prices of Bread and cereals, Meat, Fish, Potatoes, Yam and other tubers, Oils and fats, and Soft drinks, Vegetables, and Fruits.

On a month-on-month basis, the food sub-index increased by 0.88 percent in March 2019, up by 0.06 percent points from 0.82 percent recorded in February 2019.

The average annual rate of change of the Food sub-index for the twelve-month period ending March 2019 over the previous twelve-month average was 13.42 percent, 0.20 percent points from the average annual rate of change recorded in February 2019 (13.62) percent.

All Items Less Farm Produce

The ‘’All items less farm produce’’ or Core inflation, which excludes the prices of volatile agricultural produce stood at 9.5 percent in March 2019, down by 0.3 percent when compared with 9.8 percent recorded in February 2019.

On a month-on-month basis, the core sub-index increased by 0.53 percent in March 2019. This was down by 0.12 percent when compared with 0.65 percent recorded in February 2019.

The highest increases were recorded in prices of Domestic and household services, Tobacco, Actual and imputed rent for housing, Dental, Medical and Hospital services, Tobacco, Major household appliances.

The average 12-month annual rate of change of the index was 10.04 percent for the twelve-month period ending March 2019; this is 0.15 percent points lower than 10.19 percent recorded in February 2019.

State Profiles

In analysing price movements under this section, note that the CPI is weighted by consumption expenditure patterns which differ across states. Accordingly, the weight assigned to a particular food or non-food item may differ from state to state making interstate comparisons of consumption basket inadvisable and potentially misleading.

All Items Inflation

In March 2019, all items inflation on year on year basis was highest in Kebbi (14.65%), Zamfara (13.15%) and Taraba (12.98%), while Kwara (9.84%) Cross River (9.66%) and Delta (9.61%) recorded the slowest rise in headline Year on Year inflation.

On month on month basis , owever, March 2019 all items inflation was highest in Kogi (1.91%), Plateau (1.77%), and Lagos (1.63%), while Nasarawa (0.26%), Kwara (0.16%) and Enugu (0.13%) recorded the slowest rise.

Food Inflation

In March 2019, food inflation on a year on year basis was highest in Kebbi (16.35%), Niger (16.22%) and Kwara (15.95%), while Bauchi (11.82%), Delta (11.70%) and Ogun (11.55%) recorded the slowest rise.

On month on month basis however, March 2019 food inflation was highest in Kogi (2.97%), Lagos and Plateau (2.11%) and Oyo (2.04%), while Imo and Nasarawa (0.12%), Enugu (0.11%) recorded the slowest rise with Bayelsa recording food price deflation or negative inflation (general decrease in the general price level of goods and services or a negative inflation rate).

SOURCE: https://brandspurng.com/2019/04/16/nigeria-consumer-inflation-falls-slightly-to-11-25-in-march-nbs/

This is good news , but truth be told over 11% inflation rate is till very high in a government where almost 70% live on less than $2 a day . This government is not doing enough on economy renewal and stabilize this economic .I think most of the people handling our economy policy have very little experience on how an economy such as this should run .If the president really want this economy to be better and have effect on a common man HE SHOULD LOOK BEYOND TRIBE AND LOOK FOR REAL PROFESSIONAL TO THE ECONOMY .

Good news on the surface but when we compare the price of things to what we had in 2015, inflation is worse.
Take fuel, rice, garri and other basic things but minimum wage is unchanged.
What kind of calamity is that

Greatness starts from somewhere...

All these stats are only good to read, when you compare the prices of commodities you will realize the real state of things. You can imagine if 20g of Dano milk that use to sell for #10 was sold at #40 last night at the street shop, l was stunned when I learnt the price.

as long as the price of things on the street are still high then I don't give a fvck

Raypawer:
Greatness starts from somewhere...

I jus bought two indomie for $200 so where is the greatest.abeg all these theories na scam we need real change of price of goods

namiji2598:
as long as the price of things on the street are still high then I don't give a fvck

That is the real statistics

seguno2:


That is the real statistics

maybe ur parents are still feeding u, but bro what we need is nt all these theories that all these bloggers formulate by themselves what we need is our price of goods to come down, life on the street is not easy anymore, we hardly hustle to feed ourselves

namiji2598:
maybe ur parents are still feeding u, but bro what we need is nt all these theories that all these bloggers formulate by themselves what we need is our price of goods to come down, life on the street is not easy anymore, we hardly hustle to feed ourselves

You missed my point.
Please read again. Thanks

oh

yerokunphilips:
This is good news , but truth be told over 11% inflation rate is till very high in a government where almost 70% live on less than $2 a day . This government is not doing enough on economy renewal and stabilize this economic .I think most of the people handling our economy policy have very little experience on how an economy such as this should run .If the president really want this economy to be better and have effect on a common man HE SHOULD LOOK BEYOND TRIBE AND LOOK FOR REAL PROFESSIONAL TO THE ECONOMY .

Which government is not doing enough,state or local government?

namiji2598:
maybe ur parents are still feeding u, but bro what we need is nt all these theories that all these bloggers formulate by themselves what we need is our price of goods to come down, life on the street is not easy anymore, we hardly hustle to feed ourselves

So National bureau of statistics info is formulated by bloggers?No wonder you are complaining?

After all the grammer, what we know is that the prices of comodities needs to come down.

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