Fidelity bank banner Bayelsa State banner
Inflation rate drops to 16.05 percent

By News Express on 28/08/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 741


 

 The inflation report for July 2017 made available from the National Bureau of Statistics (NBS) reveals that headline inflation has again reduced to 16.05 percent (year-on-year) in July 2017, compared to 16.10 percent in June 2016. This makes it the sixth consecutive decline in the rate of headline year on year inflation since January 2017.

On a month-on-month basis, the Headline index increased by 1.21 percent in July 2017, 0.37 percent points lower from the rate of 1.58 percent recorded in June.

Food price pressure however continued into July with 20.28 percent (year-on-year) from 19.91 percent. This represents the highest year on year increase in food inflation since the beginning of the new series in 2009.

On a month-on-month basis, however, the Food sub-index increased by 1.52 percent in July, down by 0.47 percent points from 1.99 percent recorded in June.

Core inflation which excludes the prices of volatile agricultural produce eased by 0.30 percent in July to 12.20 percent points from 12.50 percent recorded in June. Core inflation similar to overall/headline inflation has declined consecutively since January 2017.

On a month-on-month basis, the Core sub-index increased by 1.00 percent in July, 0.32 percent points lower from 1.32 percent recorded in June. (PRNigeria)

Source News Express

Posted 28/08/2017 9:42:01 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Osun orders MDAs to intensify efforts to generate...

Man, 40, docked for allegedly dumping baby at...

Jonathan appoints new bosses for Petroleum Fund, Content...

19 escape death in Lagos boat mishap •Another...

Police officers pay bribe for special promotion —...

Cholera kills 71 in Kano, afflicts over 2,000...

Nigeria’s economy continues downward slide

3 suicide bombers launch night attack in Borno...

Boko Haram unveils rocket-making factory

5 new suspected Ebola cases reported in DRC...

Court reserves judgment in case of alleged N1.8...

First Lady loses voice after food poisoning

 

Latest News Breaking: Buhari signs 2018 budget Boko Haram still runs camps around Maiduguri: Security Sources APC convention faces crisis over ‘Unity List’ FG to disburse $322m Abacha loot to Nigerians NDDC resumes foreign scholarship scheme N138bn NHIS funds trapped in 17 banks We will stop ISIS from using Nigeria as training ground- FG Bayelsa indigenes flee homes over fear of military invasion Anambra Special Anti-Cultism Squad nabs armed robbers FG okays 94 cattle ranches in 10 states Nigeria to host 28 African countries to tackle insecurity Generator fumes kill mother and 5 children; father in coma

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,105 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,386 views) Shameless Genevieve Nnaji exposes breasts in public (280,035 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,944 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (208,970 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,584 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,697 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,769 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,849 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,486 views) Lagos plane crash: Journalist releases victims’ names (143,753 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,601 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,256) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,040) Interview (154) Live Commentary (28) Love Matters (123) News (36,338) Opinion (1,003) Pidgin (10) Politics (5,284) Religion (770) Sports (1,551) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement