BREAKING: Nigeria’s inflation rate drops to 17.38% in July 2021


Samuel Oyekanmi by Samuel Oyekanmi August 17, 2021

Nigeria’s inflation rate for the month of July 2021 dropped to 17.38% compared to 17.75% recorded in June 2021. The consumer price index, which measures the rate of inflation increased by 17.38% (year-on-year) in the review month.

This is according to the latest consumer price report released by the National Bureau of Statistics (NBS).

The food inflation, which is a closely watched index declined to 21.03% compared to 21.83% recorded in the previous month, while core inflation stood at 13.73%, up by 0.63% compared to 13.09% recorded in the previous month.

This rise in the food index was caused by increases in prices of Milk, Cheese and Eggs, Coffee, Tea and Cocoa, Vegetables, Bread and Cereals, Soft drinks, and Meat.

https://nairametrics.com/2021/08/17/nigerias-inflation-rate-drops-to-17-38-in-july-2021/


Cc Myndd44
Lalasticala

Ok

All the enemies of Nigeria will lose las las. God bless all the patriots working diligently to make this country a great place. God bless Nigeria.

Nigeria shouldn't vote Pdp at any level again.

This is clearly a huge lie ..if you doubt take 20 items you buy regularly and check is any of them reduced price

Audio dropping

This is a clear sign that the country is on the right path, as could be seen in the current price of cooking gas @600 per kg, and the anticipated hike in the price of petrol @300 per litre following subsidy removal.

God bless strikes Buhari and his phoolish supporters ...

What's the difference please?

When inflation rises we see and feel the impact , let's also feel the impact of this decrease... Then the party begins

FreeStuffsNG:
All the enemies of Nigeria will lose las las. God bless all the patriots working diligently to make this country a great place. God bless Nigeria.

Pls shut up your mouth. You should be ashamed of yourself for jubilating because of this fall that is not even up to 5%.

Nonsense like you are the problem of this country.

Inflation fell by less than 1%.


And you're celebrating this achievement.


It's either you're an enemy of the country, or you don't even know economics.

Market activity (Push and Pull) ought to be uniform. You can't have double digits inflationary growth year on year, followed by less than 1% deflation and be happy.

It shows that the next contraction will see our inflationary growth around 25% - 30%.

This means that N1,000 that you have now, will be able to purchase goods worth N850 - N700 in the near future.

Tinubuadvocate:
Nigeria shouldn't vote Pdp at any level again.

How is this the fault of PDP?

In a sane country, GMB would have been impeached for the terrible way he has been running the economy and cause of security issues

And you call this a drop? Mad people