Nigerian inflation slowed for 12th month in Jan: stats office
HOME CAREERS CONTACT US LOGIN

Nigerian inflation slowed for 12th month in Jan: stats office
A man sits outside a liquor shop at Wuse Market in Abuja
LAGOS (Reuters) - Annual inflation in Nigeria slowed for the 12th month in a row in January to 15.13 percent, compared with 15.37 percent in December, the National Bureau of Statistics (NBS) said on Wednesday.

A separate food price index showed inflation at 18.92 percent in January, compared with 19.42 percent in December.

"The rise in the food index was caused by increases in prices of imported food in general as well as bread and

cereals, milk, cheese ... meat, potatoes and other tubers," the NBS said in a report.

Yemi Kale, head of the NBS, last month said he expected the rate of inflation to fall faster this year compared with 2017, but activities leading up to presidential elections next year could stoke prices.

Food inflation has remained in high double digits over the last year. Kale said the country was in a harvest period and output is increasing which would help lower food prices but household consumption remained fragile after the 2016 recession.

(Reporting by Chijioke Ohuocha and Alexis Akwagyiram; Editing by Alison Williams and Raissa Kasolowsky)

First Published: 2018-02-14 10:13:11
Updated 2018-02-14 10:33:34



© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Most read today
Most read yesterday
Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa