₦airaland Forum

The consumer price index, (CPI) which measures inflation increased by 11.37 percent (year-on-year) in January 2019. This is 0.07 percent points lower than the rate recorded in December 2018 (11.44) percent.

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

On month-on-month basis, the Headline index increased by 0.74 percent in January 2019, same rate as was recorded in December 2018 (0.74) percent.

The percentage change in the average composite CPI for the twelve months period ending January 2019 over the average of the CPI for the previous twelve months period was 11.80 percent, showing 0.3 percent point from 12.10 percent recorded in December 2018.

The urban inflation rate increased by 11.66 percent (year-on-year) in January 2019 from 11.73 percent recorded in December 2018, while the rural inflation rate increased by 11.11 percent in January 2019 from 11.18 percent in December 2018.

On a month-on-month basis, the urban index rose by 0.77 percent in January 2019, up by 0.01 from 0.76 percent recorded in December 2018, while the rural index also rose by 0.71 percent in January 2019, down by 0.01 percent from the rate recorded in December 2018 (0.72) percent.

The corresponding twelve-month year-on-year average percentage change for the urban index is 12.20 percent in January 2019. This is less than 12.51 percent reported in December 2018, while the corresponding rural inflation rate in January 2019 is 11.46 percent compared to 11.75 percent recorded in December 2018.

Food Index

The composite food index rose by 13.51 percent in January 2019 compared to 13.56 percent in December 2018.

This rise in the food index was caused by increases in prices of Fish, Bread and cereals, Vegetables, Meat, Fruits, Potatoes, yam and other tubers, oils and fats, soft drinks.

On month-on-month basis, the food sub-index increased by 0.83 percent in January 2019, up by 0.02 percent points from 0.81 percent recorded in December 2018.

The average annual rate of change of the Food sub-index for the twelve-month period ending January 2019 over the previous twelve-month average was 13.93 percent, 0.42 percent points from the average annual rate of change recorded in December 2018 (14.35) 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 9.9 percent in January 2019, up by 0.1 percent when compared with 9.8 percent recorded in December 2018.

On month-on-month basis, the core sub-index increased by 0.81 percent in January 2019. This was up by 0.31 percent when compared with 0.50 percent recorded in December 2018.

The highest increases were recorded in prices of Domestic services and household services, Tobacco, major household appliances whether electronic or not, Medical and Dental services, Garments, Narcotics, Cleaning, repair and hire of clothing, Carpet and other floorings.

The average 12-month annual rate of change of the index was 10.34 percent for the twelve-month period ending January 2019; this is 0.17 percent points lower than 10.51 percent recorded in December 2018.

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 January 2019, all items inflation on year on year basis was highest in Kebbi (14.64%), Bauchi (13.79%) and Jigawa (13.17%), while Kwara (9.28%)  Cross River (9.24%) and Ogun (9.01%) recorded the slowest rise in headline Year on Year inflation.

On month on month basis however, January 2019 all items inflation was  highest in Delta (1.66%), Ondo (1.55%), and Borno (1.44%), while Ekiti, Nasarawa and Osun recorded negative inflation or price deflation (general decrease in the general price level of goods and services or a negative inflation rate) in January 2019.

Food Inflation

In January 2019, food inflation on a year on year basis was highest in Kebbi (16.45%), Delta (16.27%) and Ondo (15.63%), while Plateau (11.83%), Enugu (11.64%) and Ogun (10.99%) recorded the slowest rise in food inflation.

On month on month basis however, January 2019 food inflation was highest in Delta (2.73%), Kwara (2.50%) and Ondo (2.22%), while Anambra, Ekiti, Enugu, Imo, Nasarawa, Osun and Zamfara all recorded food price deflation or negative inflation (general decrease in the general price level of goods and services or a negative inflation rate) in January 2019.

Source: https://brandspurng.com/2019/02/15/nigeria-inflation-rate-drops-to-11-37-in-january-nbs/

Hmm, perfect timing to announce this, i think.
celebrating mediocrity since 1984.

That still doesn't stop Buhari from going home tomorrow...

Yea!
Next level things.
Thank you Baba Buhari.

Buhari...
To the Next Level

SAI BUHARI

A day to election and everything seems booming
What a good sign

population for katsina no b here, dere vote alone will cancel SE, SS and Cameroon votes
its not who will win, we are talking about how many million margin.

KOLLYPROF:
A day to election and everything seems booming
What a good sign

everything is booming? I thought u guys said nothing is working, all is paper work. and oh, I am selling sniper now, place ur oder. cos d price will go up tomorrow.

Slow but steady
Igbo seriously want to turn back the hand of the clock

Sorry to derail but where is Pastor Orisejafor?

GOD BLESS OUR PRESIDENT MUHAMMADU BUHARI AND HIS VICE PRESIDENT YEMI OSIBANJO as they take us to the NEXT LEVEL of our lives

Gradually, we'll get to a SINGLE DIGIT rate.


SAI BABA!

Improve and learn new skills on Lynda.com. Get access to premium courses for a token.

Learn how to watch and download these courses and even share with others.

Good bye to Mohomodu Buhary

Good to hear.


Continuity is the best option.

Beware of the corrupt elements that cause this problem by looting the future of yet unborn children.
They were still around using the problem created by them to cajole the unsuspected citizens






Vote infrastructure,
Vote anti corruption
Vote job creation,
Vote stable power supply,



VOTE PMB.

Sai Baba

This is probably the first election in the history of this country in this fourth republic where there wasn’t any cash donations or fund raising party to induce voters or stakeholders and electorates. Thanks to a wonderful president with fiscal discipline, no wonder they don’t want him at the top. We will get there together as a nation God willing.

.

lies! Paper work.

Final brainwashing for zombies before elections.

Double figure

Pepper dem gang.

[quote author= post=75761542]GOD BLESS OUR PRESIDENT MUHAMMADU BUHARI AND HIS VICE PRESIDENT YEMI OSIBANJO as they take us to the NEXT LEVEL of our lives[/quote]YOU ARE RIGHT

A drop from 11.44% to 11.37% is not a drop! This is mediocrity and unacceptable!

The thieves in PDP will not like this. They want to sell Nigeria by force and pocket the money. Even their campaign strategy clearly shows they put their greedy interests above Nigeria’s. God forbid. The cursed PDP will never rule Nigeria again. Hateful, vile, ignorant, inveterate liars and criminals. The hate in their hearts will lead to their untimely destruction. What a party. A party full of criminal elements who have sold their souls to the devil and have held Nigeria back for decades. They have resolved to never let Nigeria realize her full potential, but God will disgrace them. Nigeria will prosper. PDP should go to hell. That is where they belong anyway. Bloody criminals. They want to Atikuloot? Go and Atikulooting in your houses and be stealing things from your family members since that’s what you people are all about. Cursed party. Awon a lai ni ironu oshi.

BRAINTORMS:
YOU ARE RIGHT

Again, for the 5th time today, YOU ARE RIGHT!

nawa o
https://www.youtube.com/watch?v=bPOvYCIEIlc

Are Nigerians really sure they Want PDP back in power? we may be making a mistake

KOLLYPROF:
A day to election and everything seems booming
What a good sign

booming you just said oga?from single digit last era to 12.51 last December you said booming? Then now 11.44 and u said booming? The economy is not private sector fully driving now, until the government gives it a free flow, some heavy factor still affecting it, no sound minded investor would wanna jump into this kind of economy, the uncertainties are quite high,its been too capitalistic here, very few cronies run the system,the micro economy has been stiffled, very. Very few people are ready to gamble into our economic system now, no any serous clear cut policies to drive the system upward,

Next level...jor o