Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,208,072 members, 8,001,407 topics. Date: Wednesday, 13 November 2024 at 10:06 AM

13 States Show Inflation Slowdown As CBN Policy Takes Effect - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / 13 States Show Inflation Slowdown As CBN Policy Takes Effect (19884 Views)

New CBN Policy Offload Risks And Liabilities Of Transaction On Customers / Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs / More Bank Accounts To Be Shut As CBN Issues Strict BVN Rules (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

13 States Show Inflation Slowdown As CBN Policy Takes Effect by Paraman: 9:55am On Jun 22
Nigeria’s monthly inflation rate has slowed for the third consecutive month, indicating the effectiveness of the Central Bank of Nigeria’s monetary policy tightening measures.

The CBN highlighted this in a statement shared with Journalists on Saturday.

According to the National Bureau of Statistics, the headline month-on-month inflation rate decreased to 2.14 per cent in May, down from 2.29 per cent in April and 3.02 per cent in March. Food inflation also fell for the third consecutive month to 2.28 per cent in May.

The Deputy Governor of the Economic Policy Directorate at the CBN, Muhammad Abdullahi stated, “Slowly but surely, the inflation tide is turning. We will continue to work diligently with coordinated policy measures to ensure that the worst of the inflationary cycle is behind us in the nearest future.”

The CBN’s efforts to combat inflation have been ongoing since February, and the monthly numbers indicate a positive trend. While year-on-year inflation continues to rise, the monthly rates show a slowdown in price increases for essential goods.

The CBN Governor, Olayemi Cardoso has made tackling inflation a top priority to achieve sustainable economic growth and improve the standard of living for Nigerians.

The decline in inflation rates is a nationwide trend, with 13 states, including Abuja, Akwa Ibom, and Rivers, experiencing a slowdown in year-on-year inflation in May.

Abdullahi noted that, “This development is a promising sign that the CBN’s policies are having the desired effect, and Nigerians may soon experience relief from the high cost of living that has persisted since the COVID-19 pandemic.”

https://punchng.com/13-states-show-inflation-slowdown-as-cbn-policy-takes-effect/?utm_source=telegram&utm_medium=social#google_vignette

12 Likes 3 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by ineri: 10:05am On Jun 22
How much is the price of Bread in your state now.

Why are people deceiving the President

146 Likes 9 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by SadiqBabaSani: 10:06am On Jun 22
Liars,

Nairalanders open your eyes Onanuga and his boys want to feed us twisted lies.

Inflation increased in the month of May, 2024 from April's Figure only that the percentage of the increase compared to March April is 2.21.

So is not that there was no inflation but the percentage of the inflation. These wicked political charlatans are hell bent on twisting things upside down

96 Likes 8 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Creamcrest(m): 10:08am On Jun 22
Thats true.

Gas I buy for 1300 per kg now 1150.

14 Likes 2 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by SadiqBabaSani: 10:10am On Jun 22
Creamcrest:
Thats true.

Gas I buy for 1300 per kg now 1150.
Generally inflation increased. Tinubu Government should be ashamed, gas was 400per kg when the wicked demons in power snatched power through Buhariand took it to about 1400 per kg

You cannot take what was 400 up to about 1400 then bring it down to 1150 and expect Reasonable people to praise you.

Propaganda cannot help you Govern,

Give Nigerians good governance.

108 Likes 7 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by SocialJustice: 10:11am On Jun 22
Story for the gods.

9 Likes

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by DevilsEqual(m): 10:24am On Jun 22
SadiqBabaSani:
Generally inflation increased. Tinubu Government should be ashamed, gas was 400per kg when the wicked demons in power snatched power through Buhariand took it to about 1400 per kg

You cannot take what was 400 up to about 1400 then bring it down to 1150 and expect Reasonable people to praise you.

Propaganda cannot help you Govern,

Give Nigerians good governance.

That guy used a real life example, using himself as a reference to back a good news he just read, but you tackled his own real personal experience??

Do some of u understand logic at all or u just attack for the sake of it...


Well, there are no smart obidients alive

88 Likes 2 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Paraman: 10:24am On Jun 22
Creamcrest:
Thats true.

Gas I buy for 1300 per kg now 1150.
Inflation is slowing down, by July or August, it should start falling

10 Likes 1 Share

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by DevilsEqual(m): 10:26am On Jun 22
ineri:
How much is the price of Bread in your state now.

Why are people deceiving the President

But if it was the other way round, you'd believe it right?

Your affinity for negativity is strong

Go cleanse your mind and get whole


It's not always that bad with the country...when u see some glimmer of hope, try rejoice.

74 Likes 2 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Bobloco: 10:30am On Jun 22
Inflation slowed only in 13 states, what about the other 24 states....

5 Likes

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by iwaeda: 10:37am On Jun 22
Paraman:
Nigeria’s monthly inflation rate has slowed for the third consecutive month, indicating the effectiveness of the Central Bank of Nigeria’s monetary policy tightening measures.

The CBN highlighted this in a statement shared with Journalists on Saturday.

According to the National Bureau of Statistics, the headline month-on-month inflation rate decreased to 2.14 per cent in May, down from 2.29 per cent in April and 3.02 per cent in March. Food inflation also fell for the third consecutive month to 2.28 per cent in May.

The Deputy Governor of the Economic Policy Directorate at the CBN, Muhammad Abdullahi stated, “Slowly but surely, the inflation tide is turning. We will continue to work diligently with coordinated policy measures to ensure that the worst of the inflationary cycle is behind us in the nearest future.”


The CBN’s efforts to combat inflation have been ongoing since February, and the monthly numbers indicate a positive trend. While year-on-year inflation continues to rise, the monthly rates show a slowdown in price increases for essential goods.

The CBN Governor, Olayemi Cardoso has made tackling inflation a top priority to achieve sustainable economic growth and improve the standard of living for Nigerians.

The decline in inflation rates is a nationwide trend, with 13 states, including Abuja, Akwa Ibom, and Rivers, experiencing a slowdown in year-on-year inflation in May.

Abdullahi noted that, “This development is a promising sign that the CBN’s policies are having the desired effect, and Nigerians may soon experience relief from the high cost of living that has persisted since the COVID-19 pandemic.”


https://punchng.com/13-states-show-inflation-slowdown-as-cbn-policy-takes-effect/?utm_source=telegram&utm_medium=social#google_vignette
Cardoso must be Mutairu grin grin angry

11 Likes

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Paraman: 10:49am On Jun 22
iwaeda:

Cardoso must be Mutairu grin grin angry
?

1 Like

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by FourQu: 10:53am On Jun 22
Lagos Ibadan expressway statistics grin

Jokers 🤡

PS: we no dey chop statistics for here cool

28 Likes 2 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Paraman: 10:56am On Jun 22
President Tinubu is on the right path.

Seun move this thread to the front page

9 Likes 4 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Esama: 10:59am On Jun 22
Who are they telling cardozo should do himself favor just go out and tell those street boys that. They are deceiving themselves.

6 Likes 2 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Seefinish: 11:01am On Jun 22
Na statistic we go chop? '
Here in Abuja, a mudu of beans was 2500 last month, this month it is 2700 or 2800 and this gang of failure came out to tell us that inflation is going down.

28 Likes 3 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by helinues: 11:08am On Jun 22
Toh

2 Likes

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Zxcvbnmghtr: 11:17am On Jun 22
DevilsEqual:


That guy used a real life example, using himself as a reference to back a good news he just read, but you tackled his own real personal experience??

Do some of u understand logic at all or u just attack for the sake of it...


Well, there are no smart obidients alive

It's a sickness, a mental disorder.

49 Likes

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by ElSudani: 11:21am On Jun 22
DevilsEqual:


That guy used a real life example, using himself as a reference to back a good news he just read, but you tackled his own real personal experience??

Do some of u understand logic at all or u just attack for the sake of it...


Well, there are no smart obidients alive

Logic and Obidients together? Are you kidding me?

6 Likes

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by SadiqBabaSani: 11:25am On Jun 22
All the Bat Bootlickers up there thunder will fire you. The hunger weh dey disturb people will disturb Una family members, it shall not be well with desperate liars

29 Likes 2 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Ojuntana: 11:39am On Jun 22
Bunch of lies

Inflation is not slowing down

APC should quit the lies and propaganda

Yam that I bought 10 for 12000 last month is now 10 for 22000 with I beg

7 Likes

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Xxxxtentacion2: 11:40am On Jun 22
Lies won't move the nation forward...
Apc supporters are just bunch of foolish people with no direction...

23 Likes 2 Shares

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Usmanovic95(m): 11:58am On Jun 22
Na statistics we go chop crooners want to serve us statistics to chop.

5 Likes 1 Share

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by bizbro: 12:06pm On Jun 22
DevilsEqual:


But if it was the other way round, you'd believe it right?

Your affinity for negativity is strong

Go cleanse your mind and get whole


It's not always that bad with the country...when u see some glimmer of hope, try rejoice.

Bread don rise or drop? Rice nko? Beans nko?

13 Likes 1 Share

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by bizbro: 12:07pm On Jun 22
helinues:
Toh

I know say you go dey here. Post price of staple foods, let's check something.

3 Likes

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by AcadaWriter: 1:12pm On Jun 22
Thats true.Gas I buy for 1300 per kg now 1150.

1 Like 1 Share

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by tunwumi: 1:24pm On Jun 22
Ol
Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Akfrenzy(m): 1:24pm On Jun 22
grin another statistical LAMBA 😆😆😆

5 Likes 1 Share

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Passersby123: 1:25pm On Jun 22
cry
I'm hungry wtf is wrong with this country nothing going down it's a lie cbn is propaganda what is going down is my blood . Some will say you're not working enough that's why but only a man knows his hard work if this continues I'll organize up to 30 men to start up a millitia since guns cant be afforded it will be cheap machetes/ cutlass make some areas hell for people because we voted all this pain lets see na

2 Likes

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by adioolayi(m): 1:25pm On Jun 22
Abeg, pepper cost ooo..

Slow down where

1 Like 1 Share

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by REALretep(m): 1:26pm On Jun 22
The next revolution that will engulf this country will be nothing compared to EndSARS if this BAT government and their propagandists don't get the economy to bounce back soon.

All these propaganda serve no useful purpose except to show that Onanuga and his cronies are working really hard

3 Likes

Re: 13 States Show Inflation Slowdown As CBN Policy Takes Effect by Franzinni: 1:26pm On Jun 22
Audio.

4 Likes 1 Share

(1) (2) (3) (4) (Reply)

Aliko Dangote Joins Twitter! / Understanding CBN New Policy Actions In Forex Market / Devaluation: IMF Versus Buhari - Henry Boyo

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 31
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.