The Pentad - Urban Retail Price Tracker - August 2019

Proshare

Thursday, August 08,  2019  04:55PM / ARM Research / Header Image Credit: ARM Research

 

Retail prices ended the month of July on a higher note with our Urban Retail Price Tracker – the PURP index – recording a modest increase of 0.28% MoM to 113.1 pts (vs 0.16% MoM in June). Price increases were more evident in the commodities, cement and oil & gas baskets.                                                      

In the consumer basket, average prices ended the month lower, moderating by 2.03% MoM. The lower price largely reflected declines in the price of Dangote Sugar (-16%) and Knorr (-7.9%). These outweighed increases in Golden morn and Golden penny sugar. 

Elsewhere, prices in the brewery basket printed flat with muted increases observed across several beer brands. 

Prices in the commodities basket ticked higher over the month (+0.46% MoM, June: +0.15% MoM) largely reflecting increased price of crude palm oil. Notably, after moderating for three consecutive months, price of crude palm oil advanced higher by + 2.0% MoM, reflecting a shortage across different markets in line with its seasonal trend. Elsewhere, price movement across both rice and vegetable oil was largely muted, ending the month at same prices compared to the previous month. 

Prices in the oil & gas sector witnessed a slight moderation of 0.94% MoM over July largely on the back of reduction in average price of cooking gas. To buttress, cooking gas price continued to trend lower for three consecutive months spurred by adequate supply across the state. 

In the month of July, Cement prices advanced higher by 1.9% MoM with, Wholesale and Retail prices printing at N2,550 and N2,750 respectively.

 

Download Full PDF Report Here

 

Proshare Nigeria Pvt. Ltd.

Research 234 (1) 2701653  research@armsecurities.com.ng

 

Proshare Nigeria Pvt. Ltd.


Related News

1.       The Pentad Urban Retail Price Tracker - Prices On Tepid Rise

2.      Prices Take An Inch Back - The Pentad Urban Retail Price Tracker

3.      No Respite As Price Pressure Persists - Pentad

4.      Inflation Rate Set for Lowest Level Since February 2016 - FSDH

5.      Policy Signalling, Key To Attracting FDIs Into Nigeria - Muda Yusuf

6.      Weekly Economic and Financial Commentary – WE 02 August 2019

7.      PMI Reading No 76: Again Below Water

8.     Manufacturing PMI Stands at 57.6% in July 2019 from 57.4% in June 2019

9.      Exchange Rate Unification Dominates Discussion at the FDC’S Stakeholder Forum

10.  Nigeria Mid-Year Economic Review 2019 - Retrofitting the Nigerian Economy: Issues and Drivers

11.   AFCFTA: Stakeholders at FDC Forum Call For Coherence In FG Policies, Unified FX In Nigeria

12.  Weekly Economic and Financial Commentary – WE 26 July 2019

13.  Rethinking the National Social Intervention Program In Nigeria

14.  Africa Needs Long-Term Financing To Boost Industrialization - Prof. Nwokoma

15.   Inequality in Nigeria – Exploring The Drivers

 

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP