Nigeria Inflation Rate Unchanged at 9.2%

Annual inflation rate in Nigeria rose by 9.2 percent in July of 2015, remained steady from the previous month.

Compared to July of 2014, food cost increased 10.0 percent, at the same pace for the second consecutive month, and imported food prices grew 10.4 percent. Additional upward pressures came from: housing, water, electricity and gas (+7.3 percent); clothing and footwear (+9.3 percent); transport prices (+9.1 percent); furnishings and household equipment (+8.8 percent); education (+9.2 percent); health (+8.7 percent); miscellaneous goods and services (+9.3 percent); hotels, cafés and restaurants (+9.1 percent); alcoholic beverages, tobacco and kola (+9 percent).

Annual core inflation rate increased to 8.8 percent from 8.4 percent last month.

On a monthly basis, consumer prices eased to 0.7 percent from 0.9 percent recorded in June. Food cost went up 0.8 percent, at a slower pace from 1.1 percent recorded in June, boosted by higher oils and fats group.

Nigeria Inflation Rate Unchanged at 9.2%

National Bureau of Statistics | Yekaterina Guchshina |
8/12/2015 10:53:59 AM