Nigeria Economy | |
Nigeria Economy | |
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Friday, August 16 2019 08:30 AM / NBS
All Item Index
The consumer price index, (CPI) which measures inflation increased by 11.08 percent (year-on-year) in July 2019. This is 0.14 percent points lower than the rate recorded in June 2019 (11.22 percent).
Increases were recorded in all COICOP divisions that yielded the Headline index.
On month-on-month basis, the Headline index increased by 1.01 percent in July 2019. This is 0.06 percent rate lower than the rate recorded in June 2019 (1.07) percent.
The percentage change in the average composite CPI for the twelve months period ending July 2019 over the average of the CPI for the previous twelve months period was 11.29 percent, compared to 11.29 percent recorded in June 2019.
The urban inflation rate increased by 11.43 percent (year-on-year) in July 2019 from 11.61 percent recorded in June 2019, while the rural inflation rate increased by 10.64 percent in July 2019 from 10.87 percent in June 2019.
On a month-on-month basis, the urban index rose by 1.07 percent in July 2019, down by 0.03 from 1.10 percent recorded in June 2019, while the rural index also rose by 0.96 percent in July 2019, down by 0.09 from the rate recorded in June 2019 (1.05) percent.
The corresponding twelve-month year-on-year average percentage change for the urban index is 11.64 percent in July 2019. This is less than 11.65 percent reported in June 2019, while the corresponding rural inflation rate in July 2019 is 10.97 percent compared to 10.99 percent recorded in June 2019.
Food Index
The composite food index rose by 13.39 percent in July 2019 compared to 13.56 percent in June 2019.
This rise in the food index was caused by increases in prices of Oils and fats, Meat, Bread and cereals, Potatoes, yam and other tubers, and Fish
On month-on-month basis, the food sub-index increased by 1.26 percent in July 2019, down by 0.10 percent points from 1.36 percent recorded in June 2019.
The average annual rate of change of the Food sub-index for the twelve-month period ending July 2019 over the previous twelve-month average was 13.46 13.42 percent, 0.04 percent points from the average annual rate of change recorded in June 2019 (13.42) percent.
All Items Less Farm Produce
The ‘’All items less farm produce’’ or Core inflation, which excludes the prices of volatile agricultural produce stood at 8.80 percent in July 2019, down by 0.04 percent when compared with 8.84 percent recorded in June 2019.
On month-on-month basis, the core sub-index increased by 0.77 percent in July 2019. This was down by 0.08 percent when compared with 0.85 percent recorded in June 2019.
The highest increases were recorded in prices of Medical and Hospital services, Cleaning, Repair and hire of clothing, Repair of household appliances, Major household appliances, Domestic and household services.
The average 12-month annual rate of change of the index was 9.52 percent for the twelve-month period ending July 2019; this is 0.12 percent points lower than 9.64 percent recorded in June 2019.
Click Here to Download July 2019 CPI PDF Report
Latest 2019 NBS Reports
Q3 2019
1. 5.61bn Litres of PMS Imported into Nigeria in Q2 2019 - NBS
2. Average Fare Paid For Bus Journey Inter City Increased By 0.17% MoM to N1,606.92 in June 2019 - NBS
3. Average Price of 1kg of Tomatoes Decreased By -9.40% MoM to N226.07 in June 2019 - NBS
4. Nigeria’s Total Public Debt Stood At N24.97trn in Q1 2019 - NBS
5. Average Prices of PMS, AGO, HHK and Cooking Gas – June 2019
6. Headline Inflation Increases By 11.22% YoY in June 2019; 0.18% Lower Than May 2019 Rate
7. 1.01m Passport Applications Received in 2018 - NBS
8. FAAC Disburses N616.20bn in May 2019 - NBS
9. Total Value of Capital Importation into Nigeria Stood at $8,485.49m in Q1 2019
Q2 2019
10. All Commodity Group Export Price Index Rose By 1.85% In Q1 2019
11. Average Price of 1kg of Rice Increased By 1.07% MoM to N361.39 in May 2019 - NBS
12. Average Prices of PMS, AGO, HHK and Cooking Gas – May 2019
13. Headline Inflation Increases By 11.40% YoY in May 2019; 0.03% Higher Than April 2019 Rate
14. 8.57m Workers Are Registered Under The Pension Scheme As At Q1 2019 - NBS
15. Nigeria’s Merchandise Trade Grew Marginally By 2.50% QoQ in Q1 2019
16. Banking Sector Records 557.08m Volume of Transactions in Q1 2019 - NBS
17. 723,995 Passengers Travelled Via Rail in Q1 2019 - NBS
18. NBS Publishes Additional 11 States Nominal GDP From 2013 to 2017
19. N289.04bn Generated as VAT in Q1 2019 - NBS
20. 4.87bn Litres of PMS Imported in Q1 2019 - NBS
21. FAAC Disburses N617.57bn in April 2019 - NBS
22. Average Price of 1kg of Tomato Increased by 7.05% MoM to N257.25 in April 2019 - NBS
23. Average Fare For Bus Journey Intercity Increased By 0.77% MoM to N1604.36 in April 2019 - NBS
24. Nigeria’s GDP Grew By 2.01% YoY In Real Terms In Q1 2019
25. Headline Inflation Increases By 11.37% YoY in April 2019; 0.12% Higher Than March 2019 Rate
26. Average Prices of PMS, AGO, HHK and Cooking Gas – April 2019
27. N3.42m Students Enrolled in Public Senior Secondary School in 2017 - NBS
28. N324.59bn Generated as IGR in Q4 2018 - NBS
29. Akwa Ibom State Reports Highest Unemployment Rate of 37.7% in Q3 2018 - NBS
30. 316,365kg of Drug Seized in 2018 - NBS
31. Average Price of 1kg of Tomato Decreased By 6.32% MoM to N240.29 in March 2019 - NBS
32. Average Fare Paid By Commuters Intercity Increased By 2.85% MoM to N1,592.07 in March 2019 - NBS
33. Headline Inflation Increases By 11.25% YoY in March 2019; 0.06% Lower Than February 2019 Rate
34. Average Prices of PMS, AGO, HHK and Cooking Gas – March 2019
35. FAAC Disburses N619.86bn in March 2019
36. Domestic Passenger Traffic Grew By 23.19% YoY in 2018 - NBS
37. Lagos State Has The Highest Debt Profile in 2018 - NBS
38. 1.65m Applications Received By JAMB in 2018 - NBS
39. FAAC Disburses N660.37bn in February 2019
40. Nigeria Produced 55.81m Tonnes of Solid Minerals in 2018 - NBS
Q1 2019
41. 8.41m Workers Are Registered Under The Pension Scheme As At Q42018 - NBS
42. Average Price of 1kg of Yam Tuber Decreased By -2.24% MoM to N206.48 in February 2019 - NBS
43. All Region Terms of Trade Fell -2.78% Due to a Fall in the Prices of Goods Traded in Africa - NBS
44. Average Fare Paid By Commuters Within City Increased By 1.43% MoM to N177.57 in February 2019 - NBS
45. Headline Inflation Increases By 11.31% YoY in February 2019; 0.06% Lower Than January 2019 Rate
46. Average Prices of PMS, AGO, HHK and Cooking Gas – February 2019
47. Active Voice Subscribers Grew By 6.66% in Q4 2018 - NBS
48. 2,532 Road Traffic Crashes Occurred in Q4 2018 - NBS
49. Total Trade Declined By 5.1% QoQ in Q4 2018; Rose By 42.9% YoY
50. GDP By Income and Expenditure Approach Q1 and Q2 2018 - Household Final Consumption Grew by 0.78%
51. 1.67m Customers Metered As At Q4 2018 - NBS
52. N298.01bn Generated as VAT in Q4 2018 - NBS
53. Total Value of Credit Allocated By Banks Stood At N15.13trn As At Q4 2018 - NBS
54. Average Price of 1kg of Tomato Decreased By 2.39% YoY To N265.49 in January 2019 - NBS
55. FAAC Disburses N649.19bn in January 2019
56. Average Intercity Bus Fare Decreased By -13.90% MoM To N1,541.38 in January 2019
57. Headline Inflation Increases By 11.37% YoY in January 2019; 0.07% Lower Than December 2018 Rate
58. Average Prices of PMS, AGO, HHK and Cooking Gas – January 2019
59. Total Value of Capital Importation into Nigeria Stood at $16,812.47m in 2018 – NBS
60. Nigeria’s GDP Grew By 2.38% YoY in Real Terms in Q4 2018 and 1.93% in Full Year
61. 828,502 Employees Employed By 1,110 Registered Private Guard Companies in 2018 - NBS
62. States Generate N264.38bn as IGR in Q3 2018 - NBS
63. NBS Publishes Drug Use in Nigeria 2018 Survey Report
64. FAAC Disburses N3.19trn To FG in 2018 - NBS
65. FAAC Disburses N2.38trn To FG in 2017 - NBS
66. FAAC Disburses N812.76bn in December 2018 - NBS
67. Average Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36
68. Average Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61
69. Headline Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November 2018 Rate
70. Average Prices of PMS, AGO, HHK and Cooking Gas – December 2018