fbpx Nigeria’s Inflation Rises To 18.17 Percent - | Newsbreak Nigeria
  • About Us
  • Advertise
  • Contact Us
Sunday, January 29, 2023
  • Login
  • Register
  • Home
  • News
    • Breaking News
    • International
    • Education
    • Crime/Judiciary
    • Politics
  • Business
    • News
    • Economy
    • Brands and Marketing
  • Lifestyle
    • Sex
    • Events And Places
    • Fashion and Beauty
    • Health
  • Opinion
  • Love & Life
  • Sport
    • Football
    • Boxing
    • Tennis
  • Entertainment
  • Yarn CentralHot
No Result
View All Result
Newsbreak.ng
  • Home
  • News
    • Breaking News
    • International
    • Education
    • Crime/Judiciary
    • Politics
  • Business
    • News
    • Economy
    • Brands and Marketing
  • Lifestyle
    • Sex
    • Events And Places
    • Fashion and Beauty
    • Health
  • Opinion
  • Love & Life
  • Sport
    • Football
    • Boxing
    • Tennis
  • Entertainment
  • Yarn CentralHot
No Result
View All Result
Newsbreak.ng
No Result
View All Result

Nigeria’s Inflation Rises To 18.17 Percent

Oluwafemi Ashaolu by Oluwafemi Ashaolu
2 years ago
in News
Reading Time: 2 mins read
0 0
A A
0
Inflation
0
SHARES
Share on FacebookShare on TwitterShare on WhatsappShare on Reddit
ADVERTISEMENT

Nigeria’s inflation rate rose from 17.33 per cent in February to 18.17 per cent in the month of March, according to the latest data released by the National Bureau of Statistics (NBS).

Read Also: Issuance Of New SIM Cards To Resume April 19

In the latest report, the headline index increased by 1.56 per cent in March 2021, which is 0.02 per cent points higher than the 1.54 per cent rate recorded in February 2021.

YOU MAY ALSO LIKE

“It Was a Disastrous Decision to Have Fired Rohr” – Ighalo Opens Up

Fayemi Lists 7 Problems Bedevilling Nigeria’s Democracy

Food inflation, a closely watched index, rose to 22.95 per cent from 21.79 pre cent recorded last month.

On a month-on-month basis, the food sub-index increased by 1.9 per cent in March 2021, up by 0.01 per cent points from 1.89 per cent recorded in February 2021.

Read Also: Buhari Returns To Nigeria After Two-week Medical Check-up In UK

The rise in the food index was caused by increases in prices of bread and cereals, potatoes, yam, and other tubers, meat, vegetables, fish, oils and fats, and fruits.

“The urban inflation rate increased by 18.76 percent (year-on-year) in March 2021 from 17.92 percent recorded in February 2021, while the rural inflation rate increased by 17.60 percent in March 2021 from 16.77 percent in February 2021.

“In March 2021, food inflation on a year on year basis was highest in Kogi (29.71%), Sokoto (27.02%) and Ebonyi (26.59%), while Abuja (20.10%), Kebbi (19.98%) and Bauchi (18.61%) recorded the slowest rise in year on year inflation.

Read Also: 2023: It Will Be Threat To National Unity If PDP Zones Presidency To North – Okupe

“On month on month basis however, March 2021 food inflation was highest in Rivers (3.52%), Niger (2.92%) and Gombe (2.85%), while Zamfara (0.51%) recording the slowest rise in month on month food inflation with Yobe and Kebbi recording price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate),” the report added.

 

Tags: 18.17 PercentinflationMarchNBSNigeriaRises
ShareTweetSendShare
  • All Comments

    • All Comments
    • Positive
    • Negative
    • Neutral

Discussion about this post

Previous Post

Issuance Of New SIM Cards To Resume April 19

Next Post

Twitter HQ: Nigeria Remains Africa’s Top Investment Destination, APC Replies PDP

Next Post
Kogi Poll: APC Hits Back At PDP, Rejects Manipulation Allegations

Twitter HQ: Nigeria Remains Africa's Top Investment Destination, APC Replies PDP

Popular News

  • Obi Cubana: My Late Mother Has Been Appearing In My Dream Asking For Reburial – Nollywood Actor

    Obi Cubana: My Late Mother Has Been Appearing In My Dream Asking For Reburial – Nollywood Actor

    6014 shares
    Share 2406 Tweet 1504
  • My Daughter Won’t Marry A Poor Man, Says Bill Gates

    5592 shares
    Share 2237 Tweet 1398
  • PICTURES: 12 Most Common Cars In Nigeria

    236 shares
    Share 94 Tweet 59
  • VIDEO: Woman Paraded Naked For Allegedly Killing Husband In Anambra

    3126 shares
    Share 1250 Tweet 782
  • +18 SEXTAPE: Watch Viral Video Of Popular Slay Queen Making Out With Dog In Dubai

    3052 shares
    Share 1221 Tweet 763
ADVERTISEMENT

About Newsbreak.ng

Newsbreak.ng is a publication of Platinum Crest Communications Limited. We are a broad-spectrum source of credible, useful and timely news, features and opinions, especially as they affect Nigerians at home and in the diaspora.

Recent News

  • “I’m Separated From My Husband But Can’t Stop Having Sex With Him”, Woman Opens Up
  • BREAKING: “We Won’t Extend Deadline For Old Naira Notes” – CBN Vows
  • Old Notes: CBN’s January 31st Deadline Unrealistic – Kingsley Moghalu

Receive News updates via Email

Enter your email address to subscribe to receive notifications of new posts by email.

Join 37 other subscribers.
  • About
  • advertise
  • Privacy & Policy

© 2013-2022 Newsbreak, a publication of Platinum Crest Communications Ltd

No Result
View All Result
  • Home
  • News
    • Breaking News
    • International
    • Education
    • Crime/Judiciary
    • Politics
  • Business
    • News
    • Economy
    • Brands and Marketing
  • Lifestyle
    • Sex
    • Events And Places
    • Fashion and Beauty
    • Health
  • Opinion
  • Love & Life
  • Sport
    • Football
    • Boxing
    • Tennis
  • Entertainment
  • Yarn Central

© 2013-2022 Newsbreak, a publication of Platinum Crest Communications Ltd

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

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