Inflation drops for eighth consecutive months to 15.98% – NBS

By Tony Edike on 18/10/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 1,078


The National Bureau of Statistics (NBS) has released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.01 per cent in August to 15.98 per cent in September.

In the report that was released on Tuesday in Abuja, the bureau explained that the drop in Nigeria’s rate of inflation in September was the eighth consecutive month that the index would be declining since January this year.

On a month-on-month basis, the NBS stated that the headline index increased by 0.78 per cent in September, in contrast to the 0.97 per cent recorded in August this year.

The national bureau stated that the “Consumer Price Index which measures inflation increased by 15.98 per cent (year-on-year) in September 2017.

“This was 0.03 per cent points lower than the rate recorded in August (16.01) per cent, making it the eighth consecutive decline in the rate of headline year on year inflation since January 2017.”

Posted 18/10/2017 06:25:12 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Plateau massacre suspects must be tried in Jos...

2019: Why we might consider adopting a new...

Herdsmen kill inspector, sergeant, another policeman in Nasarawa...

2019: It’ll be Buhari/Osinbajo joint-ticket – Presidency

Army free healthcare: Residents don’t trust military –Chidoka...

Magbojuri takes over as NAFDAC’s Ag. DG

Enugu govt sets up judicial panel of inquiry...

Car gifts: Police IG leaked documents exposed Buhari’s...

2019: You’re deceiving yourself, PDP tells President

Herdsmen invade Kogi community, kill traditional ruler, wife,...

Corruption: Declare position on suspended SGF, DG –...

PDP convention: Uche Secondus elected party’s National Chairman...

 

Latest News INEC confirms Tambuwal as Sokoto PDP guber candidate Why I married Atiku – Titi Abubakar Atiku kicks off presidential campaign Monday Infrastructure: Buhari laying foundation for economic growth, says Fashola APC’s Olawuyi wins Kwara bye-election with 21,236 votes EEDC maps electricity network in South-East using GIS – Manager Benue: Ortom speaks on failed attempts to impeach him I’ll sell 90% of NNPC if elected – Atiku N13bn project: Why we dragged Ayogu to EFCC --Enugu community 2019: Buhari, Oshiomhole meet, set to announce APC campaign date CAN visits Buhari, says APC becoming corrupt politicians’ safe haven 2019: Don’t involve us in your devious propaganda – Enugu workers, traders tell Ayogu Eze camp

 

Most Read NAFDAC eases processes, cost of registering products for MSMEs (7,072 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (5,678 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (5,397 views) IPOB: ‘We need urgent clarifications on Nnamdi Kanu’s status, whereabouts’, UK Govt tells FG (4,868 views) ASUU strike: Senate intervention ends in deadlock (4,765 views) Ex-governor Adebayo, Keyamo, Arise, others get board appointments (3,964 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (3,746 views) Nigeria ripe for Restructuring Now – Nwodo in Chatham House (3,697 views) Prince Arthur Eze canvasses support for Buhari, Ugwuanyi (3,697 views) Anambra: INEC releases 37 candidates for Nov poll (3,661 views) Buhari has disappointed Nigerians – Arewa Youth Forum (3,648 views) Quit notice: Kaduna Govt obtains bench warrant against Northern youths (3,636 views)

 

SECTIONS NEWS (612) EDITORIAL (6) POLITICS (385) SOCIETY (104) SPORTS (13) BUSINESS (227) HEALTH (16) EDUCATION (16) ENTERTAINMENT (8) INTERNATIONAL (30) TECHNOLOGY (1) COLUMNISTS (0) LETTERS (0) OPINION (8)

 

 

Julius Agwu - Crazy Interview Demands