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Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate (2415 Views)

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Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by rodeo0070(m): 9:00am On May 15
The consumer price index, (CPI) which measures inflation increased by 11.37 per cent (year-on-year) in April 2019. This is 0.12 per cent points higher than the rate recorded in March 2019 (11.25) 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 0.94 percent in April 2019, this is 0.15 percent rate higher than the rate recorded in March 2019 (0.79) percent.

The percentage change in the average composite CPI for the twelve months period ending April 2019 over the average of the CPI for the previous twelve months period was 11.31 percent, showing 0.09 percent point from 11.40 percent recorded in March 2019.

The urban inflation rate increased by 11.70 percent (year-on-year) in April 2019 from 11.54 percent recorded in March 2019, while the rural inflation rate increased by 11.08 percent in April 2019 from 10.99 percent in March 2019.

On a month-on-month basis, the urban index rose by 1.00 percent in April 2019, up by 0.19 from 0.81 percent recorded in March 2019, while the rural index also rose by 0.90 percent in

April 2019, up by 0.13 from the rate recorded in March 2019 (0.77) percent.

The corresponding twelve-month year-on-year average percentage change for the urban index is 11.69 percent in April 2019. This is less than 11.78 percent reported in March 2019, while the corresponding rural inflation rate in April 2019 is 11.00 percent compared to 11.08 percent recorded in March 2019.

Food Index

The composite food index rose by 13.34 percent in April 2019 compared to 13.45 percent in March 2019.

This rise in the food index was caused by increases in prices of Meat, Fish, Oils and fats, Bread and cereals, Fish, Milk, Cheese and egg, Potatoes, yam and other tubers, Fruits and Vegetables.

On a month-on-month basis, the food sub-index increased by 1.14 percent in April 2019, up by 0.26 percent points from 0.88 percent recorded in March 2019.

The average annual rate of change of the Food sub-index for the twelve-month period ending April 2019 over the previous twelve-month average was 13.34 percent, 0.08 percent points from the average annual rate of change recorded in March 2019 (13.42) 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 9.3 percent in April 2019, down by 0.2 percent when compared with 9.5 percent recorded in March 2019.

On a month-on-month basis, the core sub-index increased by 0.70 percent in April 2019. This was up by 0.17 percent when compared with 0.53 percent recorded in March 2019.

The highest increases were recorded in prices of Medical services, Hospital services, Dental Services, Actual and imputed rentals for housing, Cleaning, repair and hire of clothing, Tobacco, Vehicle spare parts, Major household appliances, tobacco and garments.

The average 12-month annual rate of change of the index was 9.91 percent for the twelve-month period ending April 2019; this is 0.13 percent points lower than 10.04 percent recorded in March 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 April 2019, all items inflation on year on year basis was highest in Kebbi (14.82%), Bauchi (14.42%) and Zamfara (13.99%), while Abia (10.12%) Delta (9.94%) and Cross River (9.48%) recorded the slowest rise in headline Year on Year inflation.

On month on month basis, however, April 2019 all items inflation was highest in Bauchi (2.10%), Kebbi (1.88%) and Ogun (1.63%), while Plateau (0.35%), Rivers (0.28%) and Kogi (0.18%) recorded the slowest rise.

Food Inflation

In April 2019, food inflation on a year on year basis was highest in Kaduna (16.77%), Kebbi (16.75%) and Kwara (16.34%), while Rivers (12.01%), Bayelsa (11.25%) and Kogi (10.49%) recorded the slowest rise.

On month on month basis however, April 2019 food inflation was highest in Edo (2.55%), Kebbi (2.34%) and Ogun (2.28%), while Rivers recorded no change, Abuja and Kogi recorded 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/2019/05/15/inflation-increases-by-11-37-in-april-2019-0-12-higher-than-march-2019-rate/

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Piercy(m): 9:07am On May 15
and minimum wage is still missing....

6 Likes

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by DabuIIIT: 9:07am On May 15
Another APC achievement

Bravo
grin

9 Likes

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Phyqee10(m): 9:08am On May 15
We don start ooo

2 Likes

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by vixpal: 9:09am On May 15
Increase to .. 11.37%

4 Likes

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by RealLordZeus(m): 9:09am On May 15
It's expected, Muslims stocking their home with food for Ramadan will surely have an effect on the market.
But wait! It's April not May

1 Like

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by gaskiyamagana: 9:09am On May 15
rodeo0070:
The consumer price index, (CPI) which measures inflation increased by 11.37 per cent (year-on-year) in April 2019. This is 0.12 per cent points higher than the rate recorded in March 2019 (11.25) 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 0.94 percent in April 2019, this is 0.15 percent rate higher than the rate recorded in March 2019 (0.79) percent.

The percentage change in the average composite CPI for the twelve months period ending April 2019 over the average of the CPI for the previous twelve months period was 11.31 percent, showing 0.09 percent point from 11.40 percent recorded in March 2019.

The urban inflation rate increased by 11.70 percent (year-on-year) in April 2019 from 11.54 percent recorded in March 2019, while the rural inflation rate increased by 11.08 percent in April 2019 from 10.99 percent in March 2019.

On a month-on-month basis, the urban index rose by 1.00 percent in April 2019, up by 0.19 from 0.81 percent recorded in March 2019, while the rural index also rose by 0.90 percent in

April 2019, up by 0.13 from the rate recorded in March 2019 (0.77) percent.

The corresponding twelve-month year-on-year average percentage change for the urban index is 11.69 percent in April 2019. This is less than 11.78 percent reported in March 2019, while the corresponding rural inflation rate in April 2019 is 11.00 percent compared to 11.08 percent recorded in March 2019.

Food Index

The composite food index rose by 13.34 percent in April 2019 compared to 13.45 percent in March 2019.

This rise in the food index was caused by increases in prices of Meat, Fish, Oils and fats, Bread and cereals, Fish, Milk, Cheese and egg, Potatoes, yam and other tubers, Fruits and Vegetables.

On a month-on-month basis, the food sub-index increased by 1.14 percent in April 2019, up by 0.26 percent points from 0.88 percent recorded in March 2019.

The average annual rate of change of the Food sub-index for the twelve-month period ending April 2019 over the previous twelve-month average was 13.34 percent, 0.08 percent points from the average annual rate of change recorded in March 2019 (13.42) 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 9.3 percent in April 2019, down by 0.2 percent when compared with 9.5 percent recorded in March 2019.

On a month-on-month basis, the core sub-index increased by 0.70 percent in April 2019. This was up by 0.17 percent when compared with 0.53 percent recorded in March 2019.

The highest increases were recorded in prices of Medical services, Hospital services, Dental Services, Actual and imputed rentals for housing, Cleaning, repair and hire of clothing, Tobacco, Vehicle spare parts, Major household appliances, tobacco and garments.

The average 12-month annual rate of change of the index was 9.91 percent for the twelve-month period ending April 2019; this is 0.13 percent points lower than 10.04 percent recorded in March 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 April 2019, all items inflation on year on year basis was highest in Kebbi (14.82%), Bauchi (14.42%) and Zamfara (13.99%), while Abia (10.12%) Delta (9.94%) and Cross River (9.48%) recorded the slowest rise in headline Year on Year inflation.

On month on month basis, however, April 2019 all items inflation was highest in Bauchi (2.10%), Kebbi (1.88%) and Ogun (1.63%), while Plateau (0.35%), Rivers (0.28%) and Kogi (0.18%) recorded the slowest rise.

Food Inflation

In April 2019, food inflation on a year on year basis was highest in Kaduna (16.77%), Kebbi (16.75%) and Kwara (16.34%), while Rivers (12.01%), Bayelsa (11.25%) and Kogi (10.49%) recorded the slowest rise.

On month on month basis however, April 2019 food inflation was highest in Edo (2.55%), Kebbi (2.34%) and Ogun (2.28%), while Rivers recorded no change, Abuja and Kogi recorded 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/2019/05/15/inflation-increases-by-11-37-in-april-2019-0-12-higher-than-march-2019-rate/
Doctoral Thesis
Economic Department
PDP University of Frustration.
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Biolexxin: 9:10am On May 15
Inflation increased to 11.37 percent , MOD make that correction , and stop planting confusion up and down.
It didn't increase by 11.37%,else it Wunt have increased by 0.2%.
Peace

2 Likes 1 Share

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Nbote(m): 9:10am On May 15
gaskiyamagana:

Doctoral Thesis
Economic Department
PDP University of Frustration.

No worry... U go soon get sense... Ur eyes go soon clear cos ur miracle is on d way... Ask sarrki

3 Likes

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by orisa37: 9:11am On May 15
And Emefiele is returned unopposed.
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by tstx(m): 9:11am On May 15
Sad



..
....


....
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by gaskiyamagana: 9:13am On May 15
Nbote:


No worry... U go soon get sense... Ur eyes go soon clear cos ur miracle is on d way... Ask sarrki
Enemy of Next Level.

1 Like

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by orisa37: 9:15am On May 15
Oga sees sufferings only in the faces of Almajiris inthe North.

3 Likes

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Benfaco: 9:16am On May 15
When are we going to finally get it right?

1 Like

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by capitalzero: 9:24am On May 15
gaskiyamagana:
Enemy of Next Level.
yes, enemy of next level of poverty

4 Likes

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Xisnin(m): 9:25am On May 15
gaskiyamagana:

Doctoral Thesis
Economic Department
PDP University of Frustration.
Illiterate spotted.

1 Like

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by gaskiyamagana: 9:43am On May 15
Xisnin:

Illiterate spotted.
E pain you welly well.
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Front0lane: 9:45am On May 15
Ipob site
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by gaskiyamagana: 9:45am On May 15
capitalzero:

yes, enemy of next level of poverty
.... for corrupt and lazy people, especially treasury looters.
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by capitalzero: 9:47am On May 15
gaskiyamagana:
.... for corrupt and lazy people, especially treasury looters.
yes, that wil contribute to more poverty will cause more afflictions
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by PrincewithGod(m): 9:58am On May 15
RealLordZeus:
It's expected, Muslims stocking their home with food for Ramadan will surely have an effect on the market.
But wait! It's April not May
But its fasting, why are they stocking up on food?

1 Like

Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Reference(m): 10:11am On May 15
Food prices arw of no consequence to me but tje prices of syeel products, one my main raw materials is just something else. Every year at this time there seems to be a cataclysmic rise that aifts local producers ans closes a number of them.
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Patented: 10:55am On May 15
"Increased to" not "increased by"
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by desmond2pk: 11:53am On May 15
Buharists have avoided this tread like ebola.
They brought us here
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by biztip: 12:32pm On May 15
all negative tins increased under buhari, unemployment, death,suicide,inflation, happiness, naira value,hunger etc
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Military0001: 1:26pm On May 15
RealLordZeus:
It's expected, Muslims stocking their home with food for Ramadan will surely have an effect on the market.
But wait! It's April not May


What is this one saying?
So inflation is happening in UAE, OMAN, Saudi ARABIA etc because of Ramadan fasting

Please stop making excuse for the failed Govt.
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by Stalwert: 2:45pm On May 15
Hopefully measures will be brought to curb such slight increeases.

Wailing will increase 120% for a .12% increase in inflation.
Re: Inflation Increases By 11.37% In April 2019; 0.12% Higher Than March 2019 Rate by bishopkay: 5:15pm On May 15
Stalwert:
Hopefully measures will be brought to curb such slight increeases.

Wailing will increase 120% for a .12% increase in inflation.

What measures? Have any measures been put in place to curb anything in this country under your presoidiot before?

Let him curb insecurity menance first... na that one easy pass

(1) (Reply)

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