• Mon. Aug 15th, 2022

    ‘Inflation rate in Nigeria hits 11.31% in February’ – NBS

    The National Bureau of Statistics says the Consumer Price Index which measured inflation decreased to 11.31 per cent (year-on-year) in February from 11.37 per cent recorded in January.

    The NBS made this known in its “CPI and Inflation Report’’ for February released in Abuja on Friday on its website.

    The bureau said the figure was 0.06 per cent points lower than the 11.37 recorded in January in the period under review.

    It said the increases were recorded in all Classification of Individual Consumption by Purpose divisions that yielded the Headline index.

    On a month-on-month basis, it said the headline index decreased to 0.73 per cent in the period under review by 0.01 per cent points from 0.74 per cent recorded in January.

    It said the percentage change in the average composite CPI for the 12 months period ended December over the average of CPI for the previous 12 months period.

    It, however, measured the CPI at 11.56 per cent in the period under review, indicating a 0.24 per cent decline from 11.80 per cent recorded in January.

    The bureau said the urban inflation rate decreased to 11.59 per cent (year-on-year) from 11.66 per cent recorded in January of the same year.

    It said the rural inflation rate also decreased to 11.05 per cent in February from 11.11 per cent recorded in January.

    According to the NBS, the CPI measures the average change over time in prices of goods and services consumed by people for day-to-day living.

    It said the construction of the CPI combines economic theory, sampling and other statistical Techniques, using data from other surveys to produce a weighted measure of average price changes in the Nigerian economy.

    It added that the production of the CPI requires skills of economists, statisticians, computer scientists, data collectors and others.

    66 thoughts on “‘Inflation rate in Nigeria hits 11.31% in February’ – NBS”
    1. Very good site you have here but I was curious about if you knew
      of any discussion boards that cover the same topics talked about here?
      I’d really like to be a part of community where I can get feedback from
      other knowledgeable individuals that share the same interest.
      If you have any suggestions, please let me know. Thanks!

    2. I like the helpful info you provide in your articles.
      I’ll bookmark your weblog and check again here regularly.
      I’m quite sure I will learn lots of new stuff right here!
      Best of luck for the next!

    3. What’s Taking place i am new to this, I stumbled upon this I have found It positively helpful and it has aided me out loads.

      I am hoping to contribute & assist other users like its aided me.

      Great job.

    4. Attractive section of content. I just stumbled upon your
      site and in accession capital to assert that I get actually enjoyed account your blog posts.
      Any way I will be subscribing to your feeds and even I achievement you access consistently fast.

    5. This is the right web site for anybody who hopes to find out about this topic.
      You know so much its almost tough to argue with you (not that I really will need to…HaHa).
      You definitely put a brand new spin on a subject that’s been discussed for
      ages. Wonderful stuff, just wonderful!

    6. Wonderful blog! I found it while browsing on Yahoo News.
      Do you have any suggestions on how to get listed in Yahoo News?
      I’ve been trying for a while but I never seem to get there!
      Cheers

    7. Good day! This is kind of off topic but I need some advice from an established blog.
      Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty quick.

      I’m thinking about creating my own but I’m not sure where to begin.
      Do you have any points or suggestions? Cheers

    8. Hi my loved one! I wish to say that this article
      is awesome, nice written and include approximately all significant infos.
      I’d like to peer more posts like this .

    9. Right here is the perfect website for anyone who would like to find out about this topic.
      You realize a whole lot its almost hard to argue with you (not that
      I actually would want to…HaHa). You certainly put a brand new
      spin on a subject that’s been discussed for ages. Excellent stuff, just wonderful!

    10. With havin so much content and articles do you ever
      run into any issues of plagorism or copyright violation?
      My website has a lot of exclusive content I’ve either created myself or outsourced but
      it seems a lot of it is popping it up all over the web without my authorization. Do you know any solutions to help prevent content from being stolen? I’d truly appreciate it.

    11. I was curious if you ever considered changing the layout of your website?
      Its very well written; I love what youve got to say.

      But maybe you could a little more in the way of content so people could connect with
      it better. Youve got an awful lot of text for only having 1 or two pictures.

      Maybe you could space it out better?

    12. What’s Going down i am new to this, I stumbled upon this I’ve found It absolutely useful
      and it has helped me out loads. I am hoping to give a contribution & help other customers like
      its helped me. Good job.

    13. Hey! This is kind of off topic but I need some guidance from
      an established blog. Is it hard to set up your own blog?
      I’m not very techincal but I can figure things out pretty quick.

      I’m thinking about setting up my own but I’m not sure
      where to begin. Do you have any ideas or suggestions? Cheers

    14. An interesting discussion is definitely worth comment.
      I do think that you should write more about this subject matter, it may not be a taboo matter but usually people don’t speak about such issues.
      To the next! Best wishes!!

    15. I was very pleased to discover this great site.
      I need to to thank you for your time for this
      wonderful read!! I definitely appreciated every little bit of
      it and i also have you book marked to see new information in your
      site.

    16. Its like you read my thoughts! You seem to grasp so much about this, such as you wrote the ebook in it or something.
      I feel that you could do with a few percent to force the message house
      a little bit, however instead of that, this is great blog.

      A great read. I’ll certainly be back.

    17. My coder is trying to convince me to move to .net from PHP.
      I have always disliked the idea because of the expenses. But he’s tryiong none the less.
      I’ve been using Movable-type on several websites for about a year and am concerned about switching to another platform.
      I have heard very good things about blogengine.net.
      Is there a way I can import all my wordpress content into it?
      Any kind of help would be really appreciated!

    18. Great site. A lot of helpful information here. I’m sending
      it to a few buddies ans additionally sharing in delicious.
      And naturally, thanks on your effort!

    19. I was wondering if you ever considered changing the page layout of your blog?
      Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better.

      Youve got an awful lot of text for only having one or 2 images.

      Maybe you could space it out better?

    20. Hi there I am so grateful I found your weblog,
      I really found you by mistake, while I was searching on Bing for something else, Nonetheless I am here now and would just like to say
      many thanks for a tremendous post and a all round interesting blog (I also love the
      theme/design), I don’t have time to read it all at the minute but I have saved it and also added your RSS feeds, so when I have time
      I will be back to read a great deal more, Please do keep up the superb work.

    21. Hi there are using WordPress for your site platform?
      I’m new to the blog world but I’m trying to get started and set up my own. Do
      you need any coding knowledge to make your own blog?

      Any help would be really appreciated!

    22. Thanks for your personal marvelous posting! I actually enjoyed reading
      it, you’re a great author. I will ensure that I bookmark your
      blog and definitely will come back later on. I
      want to encourage continue your great work, have a nice morning!

    23. Definitely believe that which you stated. Your favorite reason seemed
      to be on the internet the easiest thing to be aware of.

      I say to you, I definitely get annoyed while people think
      about worries that they just do not know about. You managed to hit the nail upon the top and defined out the whole thing without having
      side effect , people could take a signal. Will likely be back to get more.
      Thanks

    24. Excellent post. I used to be checking continuously this
      blog and I am inspired! Extremely useful information specifically the final
      phase 🙂 I maintain such information much. I was seeking this certain information for a long time.
      Thanks and good luck.

    25. Amazing blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your design. Many thanks

    26. Hey There. I found your blog using msn. This is a really well written article.
      I will be sure to bookmark it and come back to read more of your useful information. Thanks for the post.
      I’ll certainly return.

    27. Amazing blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your design. Many thanks

    28. Magnificent beat ! I wish to apprentice while you amend your site, how
      could i subscribe for a blog site? The account helped me a acceptable deal.
      I had been tiny bit acquainted of this your broadcast provided bright clear concept

    29. Thanks for any other informative web site. The place else may just I get that kind of information written in such an ideal approach? I have a challenge that I’m simply now operating on, and I’ve been at the look out for such info.

    30. I’d should verify with you here. Which isn’t one thing I normally do! I take pleasure in reading a put up that can make individuals think. Also, thanks for permitting me to remark!

    Leave a Reply

    Your email address will not be published.

    three + fifteen =

    Social Media Auto Publish Powered By : XYZScripts.com
    error

    Enjoy this blog? Please spread the word :)