• About
  • Advertise
  • Contact
Wednesday, October 8, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

Nigeria’s Inflation Jumps To 25.80 pct

Vital News by Vital News
September 16, 2023
in Economy, National
0
Nigeria’s Inflation Rises To 21.82 pct
Share on FacebookShare on Twitter

 

Nigeria’s inflation has jumped to 25.80 per cent for August 2023, according to the Consumer Price Index (CPI) released by the National Bureau of Statistics (NBS).

The latest figure is 1.72% points higher than the 24.08% reported in July, the Friday report added.

“In August 2023, the headline inflation rate increased to 25.80% relative to the July 2023 headline inflation rate which was 24.08%. Looking at the movement, the August 2023 headline inflation rate shows an increase of 1.72% points when compared to the July 2023 headline inflation rate,” the NBS added.

“On a year-on-year basis, the headline inflation rate was 5.27% points higher compared to the rate recorded in August 2022, which was 20.52%. This shows that the headline inflation rate (year-on-year basis) increased in August 2023 when compared to the same month in the preceding year (i.e., August 2022).”

RelatedStories

President Tinubu Accepts Departure Of Yakubu As INEC Chairman, Bestows CON National Honour On Him

Amid Allegation Of Certificate Forgery, Geoffrey Uche Nnaji Resigns As Minister

Acting Chairman Of INEC, Agbamuche-Mbu, Promises To Uphold Standards, Integrity , Professionalism

NCDC Chairman, Akighir, Promises Equitable Distribution Of Projects, Interventions Among States In North Central

On food inflation, the NBS said the rate in August 2023 was 29.34% on a year-on-year basis. According to the agency, this was 6.22% points higher compared to the rate recorded in August 2022 (23.12%).

“The rise in Food inflation on a year-on-year basis was caused by increases in prices of oil and fat, bread and cereals, fish, fruit, meat, vegetables, and potatoes, yam and other tubers, vegetable, milk, cheese, and eggs,” it said.

“On a month-on-month basis, the food inflation rate in August 2023 was 3.87%, this was 0.41% points higher compared to the rate recorded in July 2023 (3.45%).”. (vitalnewsngr.com)

 

 

Tags: foodinflationjumpsPrices
Previous Post

Fed Govt To Review IPPIS, GIFMIS, Others

Next Post

Bello Promises Prompt Completion Of Koto Karfe Electrification Project

Vital News

Vital News

RelatedStories

President Tinubu Accepts Departure Of Yakubu As INEC Chairman, Bestows CON National Honour On Him
National

President Tinubu Accepts Departure Of Yakubu As INEC Chairman, Bestows CON National Honour On Him

October 7, 2025
Amid Allegation Of Certificate Forgery, Geoffrey Uche Nnaji Resigns As Minister
Education

Amid Allegation Of Certificate Forgery, Geoffrey Uche Nnaji Resigns As Minister

October 7, 2025
Acting Chairman Of INEC,  Agbamuche-Mbu, Promises To Uphold Standards, Integrity , Professionalism
National

Acting Chairman Of INEC, Agbamuche-Mbu, Promises To Uphold Standards, Integrity , Professionalism

October 7, 2025
NCDC Chairman, Akighir, Promises Equitable Distribution Of Projects, Interventions Among States In North Central
Economy

NCDC Chairman, Akighir, Promises Equitable Distribution Of Projects, Interventions Among States In North Central

October 7, 2025
EXPLORING CHINA’S YUNNAN AND ITS COFFEE HAVEN : Travelogue By Lawal Sale
Culture

EXPLORING CHINA’S YUNNAN AND ITS COFFEE HAVEN : Travelogue By Lawal Sale

October 7, 2025
Next Post
Bello Promises Prompt Completion Of Koto Karfe Electrification Project

Bello Promises Prompt Completion Of Koto Karfe Electrification Project

The Suspension of Wale Adedayo, Suspended Chairman, Ijebu East Local Government : What You Should Know  by Hon Fasheyi Adesuji Akindele

OGUN : DATKEM And Lessons From The Lawlessness Of Daniel's By Olaniyi Ajibola

Guber Poll : Kogi West Elders Forum Set To Adopt A Candidate, Dissolves Committees

Guber Poll : Kogi West Elders Forum Set To Adopt A Candidate, Dissolves Committees

Leave a Reply Cancel reply

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

Follow Us

Recommended

Dollar’s Domination Of World Trade Will End, Putin Tells BRICS Summit

Dollar’s Domination Of World Trade Will End, Putin Tells BRICS Summit

2 years ago
Your Failure To Provide Security Turns Nigeria To Killing Field ― Govs Tell Buhari

Be Neutral In 2023 Elections, Buhari Urges Army

3 years ago
Kogi Police Launch Manhunt For Killer Of Ayo Ayepeku, Lokoja Photojournalist

Kogi Police Launch Manhunt For Killer Of Ayo Ayepeku, Lokoja Photojournalist

3 months ago
Ododo Condoles Ex – Governor Ibrahim Idris Over Son’s Death

Ododo Condoles Ex – Governor Ibrahim Idris Over Son’s Death

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

History As Governor Abiodun Inaugurates First Flight At Gateway International Airport

Dangote Refinery : FG Berates PENGASSAN For Holding Nigeria To Ransom

NCDC Chairman, Akighir, Promises Equitable Distribution Of Projects, Interventions Among States In North Central

EXPLORING CHINA’S YUNNAN AND ITS COFFEE HAVEN : Travelogue By Lawal Sale

Agbamuche Becomes INEC Acting Chairman As Mahmood Yakubu Serves Out Tenure

I Am Under Intense Pressure To Contest 2027 Governorship Election In Taraba — David Kente

Trending

President Tinubu Accepts Departure Of Yakubu As INEC Chairman, Bestows CON National Honour On Him
National

President Tinubu Accepts Departure Of Yakubu As INEC Chairman, Bestows CON National Honour On Him

by Vital News
October 7, 2025
0

President Bola Ahmed Tinubu has accepted the departure of Professor Mahmood Yakubu’s as the Chairman of the...

Amid Allegation Of Certificate Forgery, Geoffrey Uche Nnaji Resigns As Minister

Amid Allegation Of Certificate Forgery, Geoffrey Uche Nnaji Resigns As Minister

October 7, 2025
Acting Chairman Of INEC,  Agbamuche-Mbu, Promises To Uphold Standards, Integrity , Professionalism

Acting Chairman Of INEC, Agbamuche-Mbu, Promises To Uphold Standards, Integrity , Professionalism

October 7, 2025
History As Governor  Abiodun Inaugurates First Flight At Gateway International Airport

History As Governor Abiodun Inaugurates First Flight At Gateway International Airport

October 7, 2025
PENGASSAN Members Shut Down NNPC, NUPRC, NMDPRA

Dangote Refinery : FG Berates PENGASSAN For Holding Nigeria To Ransom

October 7, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • President Tinubu Accepts Departure Of Yakubu As INEC Chairman, Bestows CON National Honour On Him October 7, 2025
  • Amid Allegation Of Certificate Forgery, Geoffrey Uche Nnaji Resigns As Minister October 7, 2025
  • Acting Chairman Of INEC, Agbamuche-Mbu, Promises To Uphold Standards, Integrity , Professionalism October 7, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

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