• About
  • Advertise
  • Careers
  • Contact
Monday, October 20, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

Inflation Rate Hit 18.17% In March, Highest Rate In Four Years -NBS

by ReportersAtLarge
April 15, 2021
in Featured
Reading Time: 2 mins read
0
President Buhari at the National Assembly
Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

The National Bureau of Statistics (NBS) said the inflation rate increased in March by 0.82 per cent to 18.17 per cent from 17.33 per cent in February.

ADVERTISEMENT

The NBS said this in its Consumer Price Index (CPI) report for March 2021, released on Thursday in Abuja.

The News Agency of Nigeria (NAN) reports that CPI measures the average change over time in prices of goods and services consumed by people for day-to-day living.

ADVERTISEMENT

The report also said increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the headline index.

“On a month-on-month basis, the headline index increased by 1.56 per cent in March. This is 0.02 percentage points higher than the rate recorded in February (1.54 per cent),” the report said.

RelatedPosts

Bangladesh President Dissolves Parliament, Prepares For Interim Government

Tim Walz: Who Is Kamala Harris’ VP Running Mate?

US Elections: Kamala Harris Picks Tim Walz As Running Mate

The NBS said that the percentage change in the average composite CPI for the 12 months period ending in March over the average of the CPI for the previous 12 months period was 14.55 per cent.

This, it said, represented a 0.50 per cent increase over 14.05 per cent recorded in February.

It said that the rise in the food index was caused by increase in prices of bread and cereals, potatoes, yam and other tubers, meat, vegetables, fish, oils and fats and fruits.

The bureau said that ”All items less farm produce” or Core inflation, which excludes the prices of volatile agricultural produce stood at 12.67 per cent in March, up by 0.29 per cent when compared with 12.38 per cent recorded in February.

It added that on month-on-month basis, the core sub-index increased by 1.06 per cent in March, down by 0.15 per cent when compared with 1.21 per cent recorded in February.

However, the highest increase was recorded in prices of passenger transport by air, medical services, miscellaneous services relating to the dwelling, passenger transport by road, hospital services, pharmaceutical products and paramedical services.

Others were vehicle spare parts, dental services, motor cars, maintenance and repair of personal transport equipment and hairdressing salons and personal grooming establishments.

For state profile, the NBS said that in March, all items inflation on year on year basis was highest in Kogi at 24.51 per cent, Bauchi 22.24 per cent and Sokoto 20.70 per cent.

Also Imo at 16.08 per cent, Kwara 15.34 per cent and Cross River at 14.45 per cent recorded the slowest rise in headline year on year inflation.

On month on month basis, however, in March, all items inflation was highest in Rivers at 2.62 per cent, Gombe at 2.14 per cent and Niger 2.12 per cent, while Zamfara at 0.60 per cent, Yobe 0.26 per cent and Kebbi at 0.45 per cent recorded the slowest rise in headline month on month.

For food inflation on a year on year basis, in March, it was highest in Kogi at 29.71 per cent, Sokoto 7.02 per cent and Ebonyi 26.59 per cent, while Abuja at 20.10 per cent, Kebbi 19.98 per cent and Bauchi at 18.61 per cent recorded the slowest rise in year on year inflation.

On month on monthly basis, however, March food inflation was highest in Rivers at 3.52 per cent, Niger 2.92 per cent and Gombe 2.85 per cent.

Also, Zamfara at 0.51 per cent recorded the slowest rise in month on month food inflation, with Yobe and Kebbi recording price deflation or negative inflation.

Tags: BREAKING NEWSInflation Rate in NigeriaNational Bureau of StatisticsNBSNigerian Economy Latest News Today
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

Bangladesh Parliament Building
Featured

Bangladesh President Dissolves Parliament, Prepares For Interim Government

by ReportersAtLarge
August 6, 2024
0

Bangladesh's president dissolved parliament on Tuesday, clearing the way for an interim government and new elections a day after Prime...

Read moreDetails
Tim Walz
Featured

Tim Walz: Who Is Kamala Harris’ VP Running Mate?

by ReportersAtLarge
August 6, 2024
0

Minnesota Governor Tim Walz has been selected as the running mate for Democratic nominee Vice President Kamala Harris. Harris announced...

Read moreDetails
US Elections - Kamala Harris picks Tim Walz as Running Mate
Featured

US Elections: Kamala Harris Picks Tim Walz As Running Mate

by ReportersAtLarge
August 6, 2024
0

U.S. Vice President Kamala Harris has chosen Minnesota Gov. Tim Walz as her running mate, looking to strengthen the Democratic...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Rev Fr. Ejike Mbaka visits President Buhari in Abuja

‘God No Longer With President Buhari, Uzodinma’ – Fr Mbaka Reveals

4 years ago
Rt. Hon. Olakunle Oluomo

Ogun Assembly Cancels Plenary Over Speaker’s Orrest

3 years ago

Popular News

  • The Executive Director, The World Academy of Sciences (TWAS), Prof. Marcelo Knobel

    TWAS Trains 28 African Scientists At Skill-Building Workshop In Nairobi

    0 shares
    Share 0 Tweet 0
  • Makinde A Servant Leader – Former CCII President General

    0 shares
    Share 0 Tweet 0
  • Ogbomoso Cradles Carnival: Committee Unveils Plans For 2nd Edition

    0 shares
    Share 0 Tweet 0
  • Senator Ned Nwoko Finally Opens Up, Accuses Regina Daniels Of Drug Abuse

    0 shares
    Share 0 Tweet 0
  • Why Tinubu Will Lose 2027 Presidential Election – Aregbesola

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • TWAS Trains 28 African Scientists At Skill-Building Workshop In Nairobi October 20, 2025
  • Makinde A Servant Leader – Former CCII President General October 20, 2025
  • Ogbomoso Cradles Carnival: Committee Unveils Plans For 2nd Edition October 19, 2025
  • Senator Ned Nwoko Finally Opens Up, Accuses Regina Daniels Of Drug Abuse October 19, 2025
  • Why Tinubu Will Lose 2027 Presidential Election – Aregbesola October 19, 2025
April 2021
SMTWTFS
 123
45678910
11121314151617
18192021222324
252627282930 
« Mar   May »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights