Nigeria’s Inflation Rate hits 34.8% in December - Business - Nairaland
Nairaland Forum › Nairaland General › Business › Nigeria’s Inflation Rate hits 34.8% in December (4507 Views)
| Nigeria’s Inflation Rate hits 34.8% in December by chisomkachy(op): 2:27pm On Jan 15, 2025 |
Nigeria’s annual inflation rate rose to 34.80 per cent in December 2024 from 34.60 per cent in November, the National Bureau of Statistics (NBS) said on Wednesday.https://www.premiumtimesng.com/business/business-news/767068-just-in-nigerias-inflation-rate-rises-again.html?fbclid=IwY2xjawH0obVleHRuA2FlbQIxMQABHVLS0LWethdlW3XEcMd2jlz-5Pha5SakD1QZkDXuRL9ebIoNefcxW_ixiQ_aem_OqSxzeBi2Nzkze3BXFiySQ 3 Likes
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| Re: Nigeria’s Inflation Rate hits 34.8% in December by helinues: 3:32pm On Jan 15, 2025 |
This, it said, was due to December festive period increases in demand for goods and services.Toh 22 Likes 1 Share |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by BuharisBoy: 3:34pm On Jan 15, 2025*. Modified: 7:27pm On Jan 15, 2025 |
This Yoruba, the so called sophisticated tribe, are now busy taking the country backwards. During the time of Muhammadu Buhari many same people criticizing his government for lack of vision are now praising their kinsmen for taking Nigeria 40 years backwards 12 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by tnerro1(m): 3:34pm On Jan 15, 2025 |
Due to agbado economics 14 Likes 1 Share |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by DMerciful(m): 3:35pm On Jan 15, 2025 |
Master strategist with no strategy  21 Likes 1 Share |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by temitope27(m): 3:35pm On Jan 15, 2025 |
Tinubu will take us to the promise land I know it 18 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by obinna58(m): 3:36pm On Jan 15, 2025 |
Overpopulation is a major problem 5 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by smokinloud(m): 3:37pm On Jan 15, 2025 |
When the tax reform bill is passed, we will overcome inflation problems in Lagos. Not because increase in VAT does not increase inflation but because more allocation will create more jobs leading to productivity which will reduce inflation. |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by oyeb15: 3:37pm On Jan 15, 2025 |
Even more than 50% 1 Like |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by EyeCumInPiece: 3:39pm On Jan 15, 2025 |
May all those supporting this Govt to cause more hardship for Nigerians, suffer for 600years. 11 Likes
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| Re: Nigeria’s Inflation Rate hits 34.8% in December by oyeb15: 3:39pm On Jan 15, 2025 |
We have reached where we are going in Nigeria 1 Like |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by Gbadugbakun(m): 3:39pm On Jan 15, 2025 |
Yet APC miscreants were shouting detty December. Of what use is a holiday when over 90% of average citizens cannot afford to celebrate it. Nigerians in diaspora who came back home to celebrate could easily do so because they aren't working here. If they were working in Nigeria, their salary wouldn't even be enough to buy a bag of rice. 4 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by givedemwotowoto: 3:39pm On Jan 15, 2025 |
What happened to all the baalablu economic audio propaganda reforms? Agbadorian urchins and zombies please explain 5 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by blingxx(m): 3:39pm On Jan 15, 2025 |
smokinloud:You sure ? 😂😂 2 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by DaGC(m): 3:39pm On Jan 15, 2025 |
The inflation is visible to the blind.... No need reminding us. 🙄 1 Like |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by smokinloud(m): 3:40pm On Jan 15, 2025 |
blingxx:By the special grace of God. Lagos State, being Nigeria's economic hub, plays a crucial role in the country's production landscape. Increasing allocations to this region would boost production capacity, thereby helping to curb inflationary pressures in the country at large. |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by Blazetrailer: 3:40pm On Jan 15, 2025 |
Lol....Inflation rate is much higher than that. It is now clear all the monetary policy gimmicks of CBN and the Finance Minister are not working. They are clueless Nigeria is in one chance 7 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by Elusive001: 3:40pm On Jan 15, 2025 |
DMerciful:You mean she-ca-go i-count-ant? 4 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by omoredia: 3:41pm On Jan 15, 2025 |
A nation of evildoers 1 Like |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by MIKKY1022: 3:42pm On Jan 15, 2025 |
God have mercy |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by Mindlog: 3:42pm On Jan 15, 2025 |
Dire situation. |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by Lanre4uonly(m): 3:42pm On Jan 15, 2025 |
It is much expected. 1 Like |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by omoyankee3: 3:42pm On Jan 15, 2025 |
Law of gravity doesn't apply in this 1 Like |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by xpressionx(m): 3:43pm On Jan 15, 2025 |
Nigerias economy is dangling on a Yoyo. We have a first class accountant that a secondary school leavers can do better than. Truth is seen as hate speech and cyber bullying. They just want everyone to be like nairaland 30k propagandists that swallows every shit. 2 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by morikee: 3:44pm On Jan 15, 2025 |
Propaganda doesn't grow up the economy. 2 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by Blazetrailer: 3:44pm On Jan 15, 2025 |
Lol...it is obvious you know nothing about economics. Go back to those who wasted money on your education(if at all you had any) and give them a refund of all the money they wasted + a strong written and publicly broadcasted national apology smokinloud: 2 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by PepeXKermit: 3:44pm On Jan 15, 2025 |
if you see a double digit inflation rate anywhere in the developed world, not to even talk of double digits to the 3rd tens, then it means that economy dey in serious shambles. 4 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by 43Ronin: 3:45pm On Jan 15, 2025 |
Inflation rate is nothing less than 80%, no dey whine yourself 3 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by CodeTemplarr: 3:45pm On Jan 15, 2025 |
Sow propaganda and reap inflation. Just watch how they start the year with shitty policies and waste of funds then start hoping for miracle at harvest. 2 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by CodeTemplarr: 3:45pm On Jan 15, 2025*. Modified: 5:46pm On Jan 16, 2025 |
43Ronin:Prices of things have continued rising irrespective of food harvest. They are seriously lying. The easiest way to burst this lie is by checking threads where merchants sell their grains on Nairaland, Agriculture section. Beans of N1000 per measure is now around N2,500 yet they are saying year-on-year inflation from December 2023 to December 2024 was 34%. Lets see the formula and inputs then. 2 Likes |
| Re: Nigeria’s Inflation Rate hits 34.8% in December by MichaelSokoto(m): 3:47pm On Jan 15, 2025 |
something dat is above 350% Cup of beans sold less than #50 per cup b4 the demonic APC took power in 2015 is now #650 per cup! is dat not clearly above 2500% inflation?  6 Likes 1 Share |
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