Headline Inflation Increases By 11.08% YoY in July 2019; 0.14% Lower Than June 2019 Rate

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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.

 


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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.

 

 

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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

 

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Latest 2019 NBS Reports

 

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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


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