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Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs - Business (2) - Nairaland

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CBN Retains Lending Rate, Other Parameters For Seventh Consecutive Time / Nigeria’s Inflation Declines For 14th Consecutive Month / Nigeria’s Manufacturing Sector Sustains Growth For Sixth Consecutive Month (2) (3) (4)

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Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by DrObum(m): 10:30am On Sep 16, 2017
All these statistics na for their school bag if the man on the street cannot feel the impact.
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by Durosure(m): 10:31am On Sep 16, 2017
nice
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by just2endowed: 10:32am On Sep 16, 2017
Government of propaganda continue.

Price of goods still high and I don't know where 16% come from. Real inflation rate for Nigeria is 45% as for me. Government of lies
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by idupaul: 10:38am On Sep 16, 2017
Yemi Kale of the NBS has been compromised cooking up fake statistics slightly lower than the reality in a bid to make it look like Buhari is working but we know he is not
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by idupaul: 10:40am On Sep 16, 2017
just2endowed:
Government of propaganda continue.

Price of goods still high and I don't know where 16% come from. Real inflation rate for Nigeria is 45% as for me. Government of lies

Which 45 % prices of everything I know has shot up about two times ..My favorite green tea was 300 naira and it's now 1,350 ..Toyota corrolla was 4.5 million and now it's 25 million ,
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by Guyman02: 10:42am On Sep 16, 2017
Handiwork of the Acting President to reduce inflation during his absence.
Buhari came back from London and spoilt everything that Osibanjo had achieved to take us out of recession.
Tomorrow he will be traveling to US for UNGA and branch London on his way back. We hope he spends another 103 days to enable Osinbajo to once again take us out of doldrums.
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by menwongo(m): 10:47am On Sep 16, 2017
dingbang:
Until the prices of these goods fall, y'all should shove your statistics into the gutter


Garri

Palm oil

Spaggeti

Rice


Groundnut oil


Beans


Indomie


Bread
Bro its has reduced ooo. Am just a business man
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by birdsview(m): 10:47am On Sep 16, 2017
All this talk about recession ending,idonbilivit..Until the price of Elliott spirit which I used to buy for #2000 before the recession which is now #2700 goes back to #2000..that is when recession will end for me. Am just saying we the ordinary citizens are still feeling the heat..all this talk about recession finishing is purely Academic to me
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by dingbang(m): 10:54am On Sep 16, 2017
menwongo:

Bro its has reduced ooo. Am just a business man
reduce wetin... No make me vex for u angry
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by LionDeLeo: 11:07am On Sep 16, 2017
BALLOSKI:
is that a decrease or an increase? Answer me before I organize python dance for u here!
Pardon him, no be everybody sabi simple arithmetic.

Very soon now, e go begin shout "afonja".
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by brownlolly(m): 11:14am On Sep 16, 2017
SpecialAdviser:
Think Nigerians think!!!!!!!!!!!!!!!!!!!!!!!!!!

Nnamdi kanu is starting up a revolution that will right the wrongs in this country and he deserve our dear support.
You may not like his approach but the fact that his activity is trying to change the system should be your major concern.

The rich has always trampled on you which is why Nnamdi Kanu called Nigeria a zoo.
A government starts NPOWER programme in this 21st centrury that will pay u 30k per month.
You will be required to go to work on daily bases on 30k salary.

A plate of food is minimum N300 which amounts to N900 3 square meal per day.
This means that if you dont buy any other thing, you would save 3k per month.
Your entire savings in a year will be 36k not even enough to give u accommodation.
You have spent all your years in the university paying heavy fees to come out a miserable life.
You only have one option to take into crime or partake in corruption. Your pastor will
still brainwash u to pay him tithe from the money, what a jungle?

The rich keep on stealing from you and lobbying u to queue up to VOTE.
Time for revolution should be HERE. No more elections in Nigeria until it is restructured or broken.

There is nothing wrong in being together if equity and justice is ensured. If great leaders who are non nepotic leads people to the rightful path. If corruption is totally eliminated and country is ran like every other country.

We have a country where everyone is fighting for his tribesmen and no unity in attitude. An Hausa man remains a stranger in Igbo land irrespective of how he helps his habitual community. An Igbo man remains a stranger and becomes a target in the north irrespective of how he helps his habitual community. Same with Yorubas and other tribes.

Tell me our gain in being united when the proponents of such unity divides the country based on political gain through their actions and inactions.

Your graduates are taking up 30k monthly jobs and u tell me one Nigeria. Our children are deing on seas on their way to Europe, u tell me one Nigeria. Doctors have gone on strike. ASSU on strike, labour preparing, what a country?

One guy returned to my neighbourhood yesterday schooling on Cyprus, he is an idol of the street. How many people are in Cyprus? Whats their population?Indonesian exchanging palm oil with our crude oil, what a shame?

The issue is that those who are calling for a restructuring or break up are more patriotic. If one region cannot move forward, why would every other region be tied down on this hell hole called Nigeria?

Foreigners are enjoying our sweet and we keep quite. Ordinary Lebanese are whipping the ass your people in their own land and all we know is one Nigeria. Ghanaian embassy is already choked with applicants. South Africa and Kenya same. Zimbabwe is already deporting Nigeria ns. Chai, are we cursed. No food, no education, no basics amenities and we shout one Nigeria.

Nnamdi KANU method may not bee right to you but the result he is trying to achieve is extremely important to me. This is the right change. The change we seek and the change we must achieve whether the devil like it or not. Nigeria is a MESSED

That's not a revolution.

He's not carrying the whole of Nigeria along. He's preaching Biafra as a cause. Many other Nigerians don't believe in that.
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by Abdulqareem: 11:18am On Sep 16, 2017
And yet majority of the populace can't even afford to eat 3 times. Prices keeps skyrocketing, #60 indomie is still #120. The price of soft drinks, pure water, transports and everything you could ever think of is just getting worse. Oga stop this useless analysis and concentrate on the welfare of the masses.

INFLATION MY FOOT
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by bigpicture001: 11:21am On Sep 16, 2017
if you knw the meaning of "derived and composite inflation" then you would better understand why inflation is dropping drastically....

1 Like

Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by bigpicture001: 11:23am On Sep 16, 2017
birdsview:
All this talk about recession ending,idonbilivit..Until the price of Elliott spirit which I used to buy for #2000 before the recession which is now #2700 goes back to #2000..that is when recession will end for me. Am just saying we the ordinary citizens are still feeling the heat..all this talk about recession finishing is purely Academic to me
...sometimes, it's not about inflation that makes prices go up....market profiteering is a very big issue in nigeria
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by just2endowed: 11:25am On Sep 16, 2017
idupaul:


Which 45 % prices of everything I know has shot up about two times ..My favorite green tea was 300 naira and it's now 1,350 ..Toyota corrolla was 4.5 million and now it's 25 million ,

How do they get 16% baffle me. Things has gone up for christ sake and they are claiming 16%. Lies on lies upon lies.
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by Abagworo(m): 11:27am On Sep 16, 2017
viqtor:
And the price of food items still remain the same

Food price has dropped in Rivers State by at least 30%. Only price of tomatoes is still high.
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by LasGidiOwner: 11:30am On Sep 16, 2017
viqtor:
And the price of food items still remain the same


Don't mind this scam administration. Prices of goods and services are still very high. It is only people that are still being fed by their parents that does not know that food items are still very costly.
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by lomprico(m): 11:54am On Sep 16, 2017
GavelSlam:
More and more good news.

Yeah, as election year draws near cheesy
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by Johnnyessence(m): 12:06pm On Sep 16, 2017
Apc are just using NBS to reduce the tension of inflation rate in the country. People should take note. Ever since pmb mount the leadership of this country,the inflation rate has been on the high side. First to check the inflation rate, go to the market and ask for the price of foods and goods. The cost is at high side.

1 Like

Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by megama: 12:07pm On Sep 16, 2017
dokunbam:
More good news
good news indeed, is it not when you got naira you got the power to purchase.?? Naira is simply scarce. Let government put more naira in circulation. So masses can felt the impact
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by calmbabadee(m): 12:28pm On Sep 16, 2017
demsid:
if u plot that in a graph will u see it slope down? U are gonna need a freaking microscope to see such useless drop

Boss it depends on the scale used in plotting the graph
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by erico2k2(m): 12:33pm On Sep 16, 2017
BALLOSKI:
is that a decrease or an increase? Answer me before I organize python dance for u here!
not enough variation . This is not news worthy. It should deviate for up to %1 to either size to create any significant reaction as it stands nothing changes .
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by erico2k2(m): 12:36pm On Sep 16, 2017
Abagworo:


Food price has dropped in Rivers State by at least 30%. Only price of tomatoes is still high.
E be like say your mama dey feed you still. in Rivers . Wetin reduce ? Garri?Fish ? Bread ? Beans ? Or rice ? ?
Rent or transport ? Tell abeg
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by MrRitchie: 12:40pm On Sep 16, 2017
Even if inflation goes down drastically mama sikiratu will still sell at that price, we're our own problem sometimes, it's not always the government.
NwaAmaikpe:
shocked

Inflation keeps dropping on Newspapers yet Mama Sikiratu still sells her Indomie for #120

Indomie that used to be #30.


So what index is being used in computing inflation if prices keep going higher and the money in the pocket keeps losing value.


SMH
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by NaijaBlend: 1:10pm On Sep 16, 2017
How much was bread two years ago? How much is now? What of rice (even with all the hypes!), Garri, yam, malaria medicine now compared to two years ago? What of books and school uniform this September? How much does a pot of soup cost now compared to two years ago?

Phew! Nigerians, never be deceived by financial "cookery."

2 Likes

Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by Greenbuoy(m): 1:16pm On Sep 16, 2017
N o n s e n s e
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by mfm04622: 1:56pm On Sep 16, 2017
emeijeh:
And price of goods didn't drop?!


The rate of inflation is 16.01%. This means price of things INCREASED by 16.01%. However, the rate of increase is lower now. Not that there is no inflation but that the rate at which price is going up has reduced.
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by bold44: 2:17pm On Sep 16, 2017
Until it affects the price of garri; food commodities. Na word of politician
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by thesicilian: 2:21pm On Sep 16, 2017
demsid:
if u plot that in a graph will u see it slope down? U are gonna need a freaking microscope to see such useless drop
Hahahaha. That was my initial point exactly.
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by thesicilian: 2:23pm On Sep 16, 2017
[quote author=Abubakarsiddeeq post=60513399][/quote]
If you can show me any evidence of me ever claiming to be biafra, I'll get you a dictionary as a gift.
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by idylnoble(m): 9:34pm On Sep 16, 2017
Youngdream1:
Where are these people getting their statistics from
I tire o my be one corner of their room or aso rock, bunch of jokers keep deceiving ursef. Am sure none of these people are being affected by the so called inflation in food price, diaris God
Re: Nigeria’s Inflation Rate Drops For Seventh Consecutive Month, Says Nbs by menwongo(m): 7:05am On Sep 17, 2017
dingbang:
reduce wetin... No make me vex for u angry
No vex bro. I been vex pass you. Imagine buying garri with tin of peak @ #100.
Now its 3 tins for #100
So it's better than before

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