The All-Share Index at the Nigerian Stock Exchange on Wednesday dropped further by 0.60 per cent in spite of July inflation rate figure released by the National Bureau of Statistics.
Browsing: Consumer Price Index
The National Bureau of Statistics says the Consumer Price Index, which measured inflation for July dropped to 11.14 per cent (year-on-year) from 11. 23 per cent recorded in June.
The National Bureau of Statistics, NBS, says the Consumer Price Index (CPI), which measured inflation for June, decreased to 11.23 per cent (year-on-year) from 11.61 per cent recorded in May.
The NBS disclosed this in its CPI and inflation Report for May released on Wednesday in Abuja.
NBS said in its CPI and Inflation Report for April, posted on its Website on Tuesday, that the decrease represented 0.86 per cent and the lowest since February 2016.
The bureau stated in the CPI report released on Thursday in Abuja that the figure showed 14 consecutive reductions in inflation rate since January 2017.
The NBS disclosed this in its CPI report for January 2018, released on Wednesday in Abuja
The CPI, which measured inflation, ended the 2017 with a rate of 15.37 per cent (year-on-year) in December 2017.
The NBS disclosed this in its “CPI October 2017 Report” released on Wednesday in Abuja
On a month-on-month basis, the report noted that the headline index increased by 0.97 per cent in August 2017, 0.24 per cent points lowered from the rate of 1.21 per cent recorded in June.
The report stated that the headline inflation again reduced to 16.05 per cent (year-on-year) in July compared to 16.10 per cent in June 2016.
The CPI measures the average changeover time in prices of goods and services consumed by people for day to-day living
A report released by the NBS in Abuja on Wednesday, noted that increases recorded in all Classification of Individual Consumption by Purpose divisions that yielded the Headline Index
A report released by the NBS in Abuja on Wednesday stated that the CPI, which measured inflation, was 0.6 per cent points higher from the points recorded in June.