• About
  • Advertise
  • Privacy & Policy
  • Contact
Elendu Reports Online
Fidelity Bank NG
ADVERTISEMENT
  • Home
  • Politics
  • Governance
  • Education
  • Business
  • Entertainment
    Funke Akindele, Husband Set To Part Ways

    Funke Akindele, Husband Set To Part Ways

    The Oratory, Street And Homeless Children Movie Premieres In Abuja

    The Oratory, Street And Homeless Children Movie Premieres In Abuja

    MURIC wants Buhari to ban Big Brother Naija show

    Breaking: BBNaija Whitemoney Takes Home The Money

    Rachael Oniga’s Death Not COVID-19 Related – Son

    Rachael Oniga’s Death Not COVID-19 Related – Son

    Tunde Kelani’s Ayinla Takes Ibadan On A Cultural Extravaganza

    Tunde Kelani’s Ayinla Takes Ibadan On A Cultural Extravaganza

    Glitz, Glamour As Celebrities, Dignitaries Storm Film House Cinema Ibadan For  ‘Okoto’ (The Series) Premiere

    Glitz, Glamour As Celebrities, Dignitaries Storm Film House Cinema Ibadan For  ‘Okoto’ (The Series) Premiere

  • Photo News
  • World News
  • Opinion
No Result
View All Result
  • Home
  • Politics
  • Governance
  • Education
  • Business
  • Entertainment
    Funke Akindele, Husband Set To Part Ways

    Funke Akindele, Husband Set To Part Ways

    The Oratory, Street And Homeless Children Movie Premieres In Abuja

    The Oratory, Street And Homeless Children Movie Premieres In Abuja

    MURIC wants Buhari to ban Big Brother Naija show

    Breaking: BBNaija Whitemoney Takes Home The Money

    Rachael Oniga’s Death Not COVID-19 Related – Son

    Rachael Oniga’s Death Not COVID-19 Related – Son

    Tunde Kelani’s Ayinla Takes Ibadan On A Cultural Extravaganza

    Tunde Kelani’s Ayinla Takes Ibadan On A Cultural Extravaganza

    Glitz, Glamour As Celebrities, Dignitaries Storm Film House Cinema Ibadan For  ‘Okoto’ (The Series) Premiere

    Glitz, Glamour As Celebrities, Dignitaries Storm Film House Cinema Ibadan For  ‘Okoto’ (The Series) Premiere

  • Photo News
  • World News
  • Opinion
No Result
View All Result
Elendu Reports Online
No Result
View All Result
Home Business

Nigerian inflation drops again…but food prices still higher

by Elendu Reports
October 17, 2017
in Business, Featured, News
0
Nigerian inflation drops again…but food prices still higher
0
SHARES
FacebookTwitterWhatsappEmail

By Folarin Emmanuel, Abuja

Nigeria Bureau of Statistic (NBS) on Tuesday, says  Nigerian inflation has dropped to 15.98 per cent in September from 16.01 per cent recorded in August.

According to data released by the NBS, the decline was 0.03 per cent points lower than the rate recorded in August.

It is the eight consecutive time the country’s inflation rate is dropping in 2017.

The report revealed that all major food sub-indexes increased by 20.32 per cent year-on-year in September, an increase from the 20.25 per cent recorded in August.

It also showed that on a month-on-month basis, the headline index increased by 0.78 per cent during the month, 0.19 per cent lower than the 0.97 per cent recorded in August.

“This (the year-on-year inflation rate drop) 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,” the report said.

“Increases were recorded in all COICOP divisions that yield the Headline Index.

“On a month-on-month basis, the Headline index increased by 0.78 per cent in September 2017, 0.19 per cent points lower from the rate of 0.97percent recorded in August.

“The percentage change in the average composite CPI for the twelve-month period ending in September 2017 over the average of the CPI for the previous twelve-month period was 17.17 per cent, showing 0.16 per cent point lower from 17.33 per cent recorded in August 2017.

“The Urban index rose by 16.18 per cent (year-on-year) in September2017, up by 0.05 per cent point from 16.13 per cent recorded in August and the Rural index increased by 15.81 per cent in September down from 15.91 per cent in August.

“On month-on-month basis, the urban index rose by 0.84 per cent in September 2017, down from 0.99 per cent recorded in August, while the rural index rose by 0.74 per cent in September 2017, down from 0.95 per cent in August.

“The corresponding twelve-month year-on-year average percentage change for the urban index decreased from 18.15 per cent in August to 17.87 per cent in September, while the corresponding rural inflation rate in September was 16.52 per cent compared to 16.58 per cent recorded in August 2017.

The report also revealed that the rise in the food index was caused by increases in prices of potatoes; yams and other tubers; milk, cheese and eggs; bread and cereals; coffee, tea and cocoa; soft drinks, fish, meat and oil and fats.

ADVERTISEMENT
ADVERTISEMENT
Tags: featuredfood priceinflation
ShareTweetSendSend
ADVERTISEMENT
Previous Post

UBA grows profit by 23% in nine months

Next Post

Int’l Conference on N/East will address insecurity, IDPs” crisis – Saraki

Elendu Reports

Elendu Reports

Next Post
Int’l Conference on N/East will address insecurity, IDPs”  crisis – Saraki

Int'l Conference on N/East will address insecurity, IDPs'' crisis - Saraki

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.


ADVERTISEMENT

News

The wages of presidential subterfuge

The wages of presidential subterfuge

by Elendu Reports
April 20, 2025
0

...

About Bystander Effect, Herd Mentality and Passive Spectatorship

About Bystander Effect, Herd Mentality and Passive Spectatorship

by Elendu Reports
April 19, 2025
0

...

Words of wisdom with Pastor Dickson Meso Ibekwe

Words of Wisdom with Pastor Dickson Meso Ibekwe

by Elendu Reports
April 19, 2025
0

...

Joy, Relief as GMC Links Poor Communities to Essential Services

Sahel Junta Leaders Go for Broke

by Elendu Reports
April 11, 2025
0

...

Load More
ADVERTISEMENT
Elendu Reports Online

  • Business
  • Education
  • Entertainment
  • Environment
  • Faith
  • Featured
  • Governance
  • ICT
  • News
  • Opinion
  • Photo News
  • Politics
  • Promoted
  • Sports
  • Top News
  • World News

The wages of presidential subterfuge

About Bystander Effect, Herd Mentality and Passive Spectatorship

Words of Wisdom with Pastor Dickson Meso Ibekwe

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Elendu Reports Online | Designed by TeamInnovate

No Result
View All Result
  • Home
  • Politics
  • Governance
  • Education
  • Business
  • Entertainment
  • Photo News
  • World News
  • Opinion

© Elendu Reports Online | Designed by TeamInnovate

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.