The nation’s inflation rate has recorded its biggest increase so far this year, rising to 13.22 per cent in August, the National Bureau of Statistics said on Tuesday.

The 13.22 per cent inflation rate is the highest since April 2018, the NBS data showed.

The NBS, in its latest consumer price index report, said, “The consumer price index, which measures inflation increased by 13.22 percent (year-on-year) in August 2020. This is 0.40 percent points higher than the rate recorded in July 2020 (12.82 percent).

"On a month-on-month basis, the headline index increased by 1.34 percent in August 2020. This is 0.09 per cent higher than the rate recorded in July 2020 (1.25 per cent).”

The composite food index rose by 16 per cent in August, compared to 15.48 per cent in July, according to the statistics office.

“This rise in the food index was caused by increases in prices of bread and cereals, potatoes, yam and other tubers, meat, fish, fruits, oils and fats and vegetables,” it added.
https://punchng.com/breaking-nigerias-inflation-hits-13-22-posts-biggest-monthly-increase/?amp=1&utm_medium=Social&utm_source=Twitter&__twitter_impression=true

Sai Baba

We told them that this Egugun must enter Express....!!

But they laughed us off. God help us

Although same thing happened in America. Buhari shouldn't be blame on this.

Of course I will blame Jonathan and Ngozi okonjo iwella that has damaged the country before kicked out .

Sai baba

Someone stated in national TV other day that prices of food items have reduced.
Is OK, after all buhari supporters are going the same market with us.

Luckydubby7:
Someone stated in national TV other day that prices of food items have reduced.
Is OK, after all buhari supporters are going the same market with us.

another APC goon said on Channels this morning, that there is food everywhere in Nigeria, that he has not seeing anybody dying of hunger in Nigeria.
That all these people talking of suffering and throwing statistics up and down are just envious of Sai Baba
Commoners are toasted and fried in this country, unfortunately, the toasted commoners are the same people shouting Sai Baba

That's what you get when there is increase in electricity bill and fuel price. It is called cost push inflation.

The clueless leaders who keep copying and using developing countries economic policies to improve underdeveloped country like Nigeria are the caused of all these.
We need our own different solutions to our peculiar issues. Untill we tell ourselves the truth.

Alright

Lipscomb:
Although same thing happened in America. Buhari shouldn't be blame on this.

Of course I will blame Jonathan and Ngozi okonjo iwella that has damaged the country before kicked out .

Inflation is not close to 5% in America, so how is it the same?

Lipscomb:
Although same thing happened in America. Buhari shouldn't be blame on this.

Of course I will blame Jonathan and Ngozi okonjo iwella that has damaged the country before kicked out .

.
Imagine what you wrote here??

We are not surprised... Inflation rate will keep on increasing.