Food Index

On a year on year basis, the composite food index rose by 14.09 percent in October 2019 compared to 13.51 percent in September 2019.

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

On a month-on-month basis, the food sub-index increased by 1.33 percent in October 2019, up by 0.03 percentage points from 1.30 percent recorded in September 2019.

The average annual rate of change of the Food sub-index for the twelve-month period ending October 2019 over the previous twelve-month average was 13.54 percent, equivalent to 0.07  percentage points higher than the average annual rate of change recorded in September 2019 (13.47 percent).

All Items Inflation

In October 2019, all items inflation rate, on year on year basis was highest in Kebbi (15.20%), Bauchi (13.97%) and Ondo (13.74%), while Kwara (9.69%), Katsina (9.29%) and Bayelsa (9.07%) recorded the slowest rise in headline year on year inflation rate.

On month on month basis however, October 2019 All items inflation rate was highest in Benue (2.20%), Bauchi (1.87%) and Cross River (1.80%). Anambra recorded the slowest rise at 0.28%, while Bayelsa and Ebonyi saw a decline in the headline month on month index by -0.13% and -0.35% respectively.

Food Inflation

In October 2019, food inflation rate on a year on year basis was highest in Kebbi (17.53%), Ondo (17.01%) and Ogun (17.00%), while Kogi (12.12%), Katsina (11.18%) and Bayelsa (9.55%) recorded the slowest rise.

On month on month basis, however, October 2019 food inflation rate was highest in Oyo (2.56%), Osun (2.52%) and Lagos (2.05%) while Enugu (0.24%) and Abuja (0.14%) saw the slowest increases in a month on month food inflation rate. Bayelsa, at -0.35%, recorded price deflation or negative inflation (that is, a decrease in the general price level of food or a negative food inflation rate).

Josh44s:
4x4 next level kee all of una there!

SalamRushdie:
Hi

Josh44s:
4x4 next level kee all of una there! I always knew that man was a bad omen and an alien to this country. Like a wise man said earlier in a post and I quote “Buhari is not from Africa”

NtoAkwaIbom:
The cause of cood inflation in Nigeria is nothing but greed.
And we Nigerians help support inflation hoping to make life harder for people that voted a particular candidate.. Not knowing that we are making life hard for us.

I went to buy tiger head battery that is 100naira, the seller said its 250 because of closed border, how does border affect battery ? Did they also smuggle in battery through cotonou or is it banned
. Mstewww, I left him and met another that sold his own hapily for 100box..
Truth is, we go to market and even water leaf seller will increase price and blame on border.
Sufficing we keep on buying, the inflation will keep up increasing and never reduce, but if we ignored them and looked for a seller that sold it with normal price or mild increase, the others would jus go back to normal price, instead of risking not making sale,

The inflation we suffer is very artificial and caused by the many needles middle men we have... Tomorrow, Buhari will leave, but the price of commodities we increased, to spite people against him will never leave or decrease.

PapaBaby:
Next Level.
I hope Next Level crew have a different market to ours. If you have to buy your goods in the same market as us, then you people shot yourselves in the foot.