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LequteMan
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Nigeria's inflation rate for the month of August is expected to rise to 9.3% according to economic experts.
An analysis of the average prices of a basket of consumer goods selected from across the country monitored by FSDH Research in August 2015 shows that there was a general increase in the prices of essential food items during the period.
Food items such as yam, palm oil, sweet potatoes, rice, Irish potatoes and fish recorded increases of 39.05%, 15%, 7.14%, 6.34%, 5.56%and 3.89% respectively.
However, the prices of tomatoes, onions and vegetable oil recorded decreases of 27.14%, 16.67% and 14.29% respectively. Meanwhile the price of garri, beans and meat remained unchanged.
The latest inflation rate for the month of July 2015 stands at 9.2%, same as the figure recorded in the month of June 2015.
The National Bureau of Statistics (NBS) is expected to release the inflation rate for the month of August 2015 on September 15, 2015, based on the Data Release Calendar available on the Bureau’s website as at press time.
An analysis of the average prices of a basket of consumer goods selected from across the country monitored by FSDH Research in August 2015 shows that there was a general increase in the prices of essential food items during the period.
Food items such as yam, palm oil, sweet potatoes, rice, Irish potatoes and fish recorded increases of 39.05%, 15%, 7.14%, 6.34%, 5.56%and 3.89% respectively.
However, the prices of tomatoes, onions and vegetable oil recorded decreases of 27.14%, 16.67% and 14.29% respectively. Meanwhile the price of garri, beans and meat remained unchanged.
The latest inflation rate for the month of July 2015 stands at 9.2%, same as the figure recorded in the month of June 2015.
The National Bureau of Statistics (NBS) is expected to release the inflation rate for the month of August 2015 on September 15, 2015, based on the Data Release Calendar available on the Bureau’s website as at press time.
