Off the wire
• China raises alert as Typhoon Malakas nears  • Spotlight: Japan court finds Okinawa's latest attempts to block landfill work for new U.S. base illegal  • Namibia declares mussels, shellfish from nation's main fishing hubs unfit for consumption  • Euro area job vacancy rate stable at 1.7 pct in Q2  • China's Belt and Road initiaive to unleash global prosperity: Kenyan scribe  • Roundup: U.S. Congress Committee report further dims hope of Snowden returning home  • Former Italian president Ciampi dies at 95  • EP president hopes unity, dialogue prevails at Bratislava Summit  • Philippine external debt up to 77.7 bln USD in June  • Update: Israeli soldiers kill Palestinian after alleged attacks: Medics  
You are here: 　 Home

Nigeria inflation rises to 17.6 pct in August

Xinhua, September 16, 2016 Adjust font size:

Nigeria's inflation rate for August has increased to 17.6 percent, the National Bureau of Statistics (NBS) said on Friday.

A statement from the NBS showed that the Consumer Price Index, which measured inflation, increased to 17.6 percent (year-on-year) in August from 17.1 percent recorded in July.

Increases were recorded in all classification of individual consumption by purpose divisions, which contributed to the headline index reflecting higher prices across the board, the NBS said.

In addition, it said urban and rural prices continued to rise in the month of August.

Urban inflation rate increased in the month to 19.3 percent (year-on-year) from 18.9 percent recorded in July, while the rural inflation rate increased to 16.1 percent, up from 15.5 percent the previous month, the NBS report added. Endit