Headline Inflation Rate Increases by 18.17% YoY In March 2021, 0.82% Higher Than February 2021 Rate

The consumer price index, (CPI) which measures inflation increased by 18.17 percent (year-on-year) in March 2021. This is 0.82 percent points higher than the rate recorded in February 2021 (17.33 percent).

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

On month-on-month basis, the Headline index increased by 1.56 percent in March 2021. This is 0.02 percentage points higher than the rate recorded in February 2021 (1.54 percent).

The percentage change in the average composite CPI for the twelve months period ending March 2021, over the average of the CPI for the previous twelve months period was 14.55 percent, representing a 0.50 percent point increase over 14.05 percent recorded in February 2021.

The urban inflation rate increased by 18.76 percent (year-on-year) in March 2021 from 17.92 percent recorded in February 2021, while the rural inflation rate increased by 17.60 percent in March 2021 from 16.77 percent in February 2021.
On a month-on-month basis, the urban index rose by 1.60 percent in March 2021, up by 0.02 compared to the rate recorded in February 2021, while the rural index also rose by 1.52 percent in March 2021, up by 0.02 compared to the rate that was recorded in February 2021 (1.50 percent).

The corresponding twelve-month year-on-year average percentage change for the urban index is 15.15 percent in March 2021. This is higher than 14.66 percent reported in February 2021, while the corresponding rural inflation rate in March 2021 is 13.99 percent compared to 13.48 percent recorded in February 2021.

Food Index

The composite food index rose by 22.95 percent in March 2021 compared to 21.79 percent in February 2021.

This rise in the food index was caused by increases in prices of Bread and cereals, Potatoes, yam and other tubers, Meat, Vegetable, Fish, Oils and fats and fruits.

On month-on-month basis, the food sub-index increased by 1.90 percent in March 2021, up by 0.01 percent points from 1.89 percent recorded in February 2021.  

The average annual rate of change of the Food sub-index for the twelve-month period ending March 2021 over the previous twelve-month average was 17.93  percent, 0.68  percent points from the average annual rate of change recorded in February 2021 (17.25) 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 12.67 percent in March 2021, up by 0.29 percent when compared with 12.38 percent recorded in February 2021.

On month-on-month basis, the core sub-index increased by 1.06 percent in March 2021. This was down by 0.15 percent when compared with 1.21 percent recorded in February 2021.

The highest increases were recorded in prices of Passenger transport by air, Medical services, Miscellaneous services relating to the dwelling, Passenger transport by road, Hospital services, Passenger transport by road, Pharmaceutical products, Paramedical services, Vehicle spare parts, Dental services, Motor cars, Maintenance and repair of personal transport equipment, and Hairdressing salons and personal grooming establishment, 

The average 12-month annual rate of change of the index was 10.01 percent for the twelve-month period ending March 2021; this is 0.76 percent points lower than 10.77 percent recorded in February 2021.

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 2021, all items inflation on year on year basis was highest in Kogi (24.51%), Bauchi (22.24%) and Sokoto (20.70%), while Imo (16.08%), Kwara (15.34%) and Cross River (14.45%) recorded the slowest rise in headline Year on Year inflation.

On month on month basis however, March 2021 all items inflation was highest in Rivers (2.62%), Gombe (2.14%) and Niger (2.12%), while Zamfara (0.60%), Yobe (0.26%) and Kebbi (0.45%) recorded the slowest rise in headline month on month.

Food Inflation

In March 2021, food inflation on a year on year basis was highest in Kogi (29.71%), Sokoto (27.02%) and Ebonyi (26.59%), while Abuja (20.10%), Kebbi (19.98%) and Bauchi (18.61%) recorded the slowest rise .in year on year inflation.

On month on month basis however, March 2021 food inflation was highest in Rivers (3.52%), Niger (2.92%) and Gombe (2.85%), while Zamfara (0.51%) recording the slowest rise in month on month food inflation with Yobe and Kebbi recording price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate).

https://brandspurng.com/2021/04/15/march-2021-inflation-rate-rises-to-18-17-as-food-inflation-jumps-to-22-95/

APC ...Next level of scam!

When the wicked are in power, the people suffer.
The rate of chronic hunger in many families in Nigeria today with multitudes finding it difficult to buy mere gari to feed their children is testament to late buhari's desire to slaughter millions of families through hunger via activities of fulani terrorists.

In March 2021, all items inflation on year on year basis was highest in Kogi (24.51%), Bauchi (22.24%) and Sokoto (20.70%), while Imo (16.08%), Kwara (15.34%) and Cross River (14.45%) recorded the slowest rise in headline Year on Year inflation.
On month on month basis however, March 2021 all items inflation was highest in Rivers (2.62%), Gombe (2.14%) and Niger (2.12%), while Zamfara (0.60%), Yobe (0.26%) and Kebbi (0.45%) recorded the slowest rise in headline month on month.

It is well.

E dey do Nigerians like film, yet some idiots will still try and justify what is not justifiable. People must wise up by force.

This here my people is why there has been an increase in crime lately...


Buhari has ruined Nigeria. Come 2023 if we don't vote wisely eh.., Nigeria go Implode

Cost analysis of #25k salary
#1200 1 paint of Garri
#400 1 derica cup of Beans x5=#2000
#450 Derica of Rice x5=#2250
#Spaghetti #250 per 1 x5=#1250
Gas #1700 5kg
Palm oil 1L about #1200
Groundnut oil 1L about #1400
Seasoning #1000
Light=#1k-3k(per Room)
Swallow??
Will you buy??
Indomie 1 Carton=#2400
Toiletries=#1000
Egg 1 crate=#1400
Or Fish?
Or Meat?
Abeg....
Will you buy milk??
Milo 500g=#1600
Milk #300g #800

Pepper nko
Put 2k
Mehnnn the common man is suffering!!
What is left??
Last last everybody will grow his food

The rate at which food items are expensive in the market is alarming! Go to the market and you will know how our money has devalued. #1000 cannot even buy a congo of rice and garri. Few years back, this same #1000 will buy a congo of rice, beans, garri and you will even collect change.
If there is inflation, income wage should increase as well but no it remains stagnant.

The disheartening thing is that nobody is talking about it and it's not like people are comfortable. But you know Nigerians, we easily adapt to changes, suffering and smiling is our logo. You won't know how these high prices of food has hit a lot of families until you visit their household.
What a pity!

Let me check my own finances....

[img]https://media1./images/5f3cb6fb0a39736d3c3c0521e234a1c8/tenor.gif?itemid=7855913[/img]

Next level

Why is that mannequin so unconcern? Does he even understand the work of the number 1 office holder in Nigeria. He is just there to sleep and earn bogus salary and open the the vault for his people

Very useless president

Let's just pray against austerity measure.

Inflation in food prices will soon coast to 50%.

This is what you get when buhari, other hausa and fulanis pack their fellow hausa and fulani muslims into sensitive positions because an ideology from ahmadu bello.

Imagine a country that does not belong to hausa fulani muslims alone.

I don't blame secessionists for agitating to break away from this rotten lifestyle.

Buhari makes the north and his northern muslim cabinet looks like leeches and parasites.

They are pulling the country backward and made us a laughing stock.

I don't have Issues with smart brains like El Rufai, Atiku, Tambuwal and few others managing our affairs, but you see the way buhari is doing his own, it is disgusting.

Very nasty and irritating old man we have a president.

The Minister of budget and planning have no business occupying that kind of position.

Saving your wealth in naira is a sure way to fall into the hands of poverty. Imagine having 5m in bank account since 2015 and you realise your "savings" have deprecated by 300%.

If you can't open a dorm account try to save in stable coins using trust wallet, that way no matter what happens to naira your savings will escape inflation

Vulturebbqrillz, where at thou? Come and see the wonderful work our darling daddy is doing.

wahala dey

God punish all our leaders where ever they are.

No good news for once for this sick country

So Buhari have Finally Finished reading that book

" How to Finish Nigeria patapata "

rodeo0070:


https://brandspurng.com/2021/04/15/march-2021-inflation-rate-rises-to-18-17-as-food-inflation-jumps-to-22-95/

I don't know which index you people are using but I know that food items are all time high since I was born in this Nigeria.. Prices of food has skyrocketed even in the North where we believe the food items are coming from.

I pray for the country.. Let us all pray for Nigeria PLEASE, this is the ONLY country we have for NOW.

God warrris this nah.. I just weak

I have been saying it that CBN governor emefule and that Buhari girlfriend minister of finance should be sack they are incompetent and clueless

I mean this is the third time they are Devaluing the naira causing bad record breaking inflations without increasing salaries to absorb excess inflation

Locals good prices is on the rise salaries is reducing that how you cripple an economy and send innocent citizens to extreme poverty

Other African countries is having -2% inflations

Nigeria is having -28.9% yearly inflations without support to beat the inflation

More poorer people and unrest here and there

What goes up in Nigeria hardly comes down. Buhari has gone up West to take treatment and has refused to come down to Nigerian hospital level that he has refused to put in place.

The economy and our predicament in the country is just like the president. We are already used to it.

no breast and yansh here. so Nigerian youth wont flood this thread. meanwhile this is what affects their lives the most

that aside, bad news but this looks likely to rise even more. the current government are just not proactive and even reactive. they're just totally dead. expect some wicked austerity measures to come into place with the way things are going

Ah oluwa wetin dey happen

It's surprising how some people can still defend buhari and APC. APC is a fúckéd up party, buhari is not fit to be a leader, he should take a bow and resign; he might still gain some ounce of dignity. Buhari and his supporters should admit he's a failure; nobody will beat you if you admit you're wrong. DEEP DOWN, you know buhari is NOT fit to be a leader. Buhari is only proving "strong head", he doesn't want people to laugh at him. I don't belong to any party but one thing I can tell you is that: APC IS A FAILED PARTY. THEY'RE CHASING SHADOWS AND WASTING TIME.

Na who Nigerians offend...na who swear for us?

This present Government wan mak people dey chop grass....

imagine say I go buy body of cassava wey dem don peel for cow dem say na 7k per sack aw much come be Garri gan gan......

Buhaaaaariii . Your left yansh dere

This man has just succeeded in crumbling this country.
Inflation
Insecurity
Nepotism
Terrorism
Capital flight
Corruption
Cronyism
Banditary.
Massive emigration of workforce
Total system failure
Hopelessness everywhere

rodeo0070:


https://brandspurng.com/2021/04/15/march-2021-inflation-rate-rises-to-18-17-as-food-inflation-jumps-to-22-95/

Dullard has finished Nigeria totally