Inflation rate increases to 17.6% - 9JAOlofofo | Nigeia #1 gossip site.

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Saturday, 17 September 2016

Inflation rate increases to 17.6%

The National Bureau of Statistics on Friday said that the Consumer Price Index which measures inflation increased year-on-year from 17.1 per cent in July to 17.6 per cent in the month of August.
The bureau in the CPI report for the month of August said the rise was caused by increases in the price of electricity, gas, fuel and housing.
The report stated that both the urban and rural prices continued to rise in the month of August.
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