“This represents the first time in 15 months that the headline CPI [consumer price index] has declined on year-on-year basis representing the effects of slower rises in already high food and non-food prices and favourable base effects over 2016 prices,” the NBS said.
The bank said it would raise N32.43 billion in three-month debt, 30 billion in six-month bills and 80 billion in one-year notes, using a Dutch auction system. Payment will be due the day after the auction.
It reads in part, “The Consumer Price Index which measures inflation increased by 18.55 per cent (year-on-year) in December 2016, 0.07 percent points higher from the rate recorded in November (18.48 per cent).
16 October 2016, Abuja – In September, the Consumer Price Index, which measures inflation across the country, increased by 17.9 per…
Kunle Kalejaye 16 October 2016, Sweetcrude, Lagos — In September, the Consumer Price Index, CPI which measures inflation increased by…
