Nigeria's annual inflation dropped to 11.02 percent in August 2019, the lowest since January 2016, from 11.08 percent in the previous month. Prices slowed mostly for food amid the ongoing harvest season and weak consumer demand. 

Year-on-year, prices continued to ease primarily for food (13.17 percent vs 13.39 percent in July), as a result of a favourable harvest and sudued consumer demand. Also, cost advanced less for clothing & footwear (9.77 percent vs 9.83 percent) and alcoholic beverages, tobacco and kola (10.05 percent vs 10.16 percent).


In contrast, prices rose faster for housing & utilities (7.26 percent vs 7.08 percent); transport (8.85 percent vs 8.71 percent); furnishings & household equipment maintenance (9.17 percent vs 9.12 percent); education (8.62 percent vs 8.57 percent); health (9.13 percent vs 9.05 percent); miscellaneous goods & services (8.54 percent vs 8.41 percent); restaurants & hotels (8.11 percent vs 8.07 percent); recreation & culture (7.91 percent vs 7.82 percent) and communications (7.81 percent vs 7.76 percent).


Annual core inflation, which excludes price of volatile agricultural products, fell to 8.68 percent in August, its lowest level since June 2015, from 8.80 percent in the previous month.


On a monthly basis, consumer prices went up 0.99 percent, slightly below a 1.01 percent increase in the previous month.










https://tradingeconomics.com/nigeria/inflation-cpi

But it is pathetic when a country gives false statistics that does not translated at any degrees to the reality. Very sad indeed!

The falsehood of Nigeria Economic data

In contrast, prices rose faster for housing & utilities (7.26 percent vs 7.08 percent); transport (8.85 percent vs 8.71 percent); furnishings & household equipment maintenance (9.17 percent vs 9.12 percent); education (8.62 percent vs 8.57 percent); health (9.13 percent vs 9.05 percent); miscellaneous goods & services (8.54 percent vs 8.41 percent); restaurants & hotels (8.11 percent vs 8.07 percent); recreation & culture (7.91 percent vs 7.82 percent) and communications (7.81 percent vs 7.76 percent).
Annual core inflation, which excludes price of volatile agricultural products, fell to 8.68 percent in August, its lowest level since June 2015, from 8.80 percent in the previous month.
On a monthly basis, consumer prices went up 0.99 percent, slightly below a 1.01 percent increase in the previous month