Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Nigeria’s Inflation Rate Sees Second Consecutive Decline, Drops to 32.15% in August

Nnaemeka OkwarabyNnaemeka Okwara
September 16, 2024
in Business & Finance
0
Nigeria’s Inflation Rate Sees Second Consecutive Decline, Drops to 32.15% in August
Share on FacebookShare on TwitterShare on Whatsapp

The National Bureau of Statistics (NBS) has said that Nigeria’s inflation rate stood at 32.15% in August, a second consecutive decline for the year 2024.

According to an NBS Consumer Price Index report for August, which was released on Monday, inflation dropped by 2.22% compared to the 33.4% recorded in July 2024.

The CPI, which takes notice of the speed at which prices of goods and services are changing, saw a decline of 1.25% when compared to headline inflation rates for July 2024. On the other hand, food inflation dropped to 37.52% in August, as a result of slowing down prices of main foods and non-alcoholic beverages.

The fact that this reduction has taken place symbolizes a good development in Nigeria’s economy. The National Bureau of Statistics attributed this decrease to the slowing down of prices of major food and non-alcoholic beverages.

Tags: Drops to 32.15% in Augustfederal characterFinanceinflationNewsNigeriaNigeria's Inflation Rate Sees Second Consecutive Decline
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
Business & Finance

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina

October 4, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 4, 2025
Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce
Business & Finance

Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce

October 3, 2025
Next Post
NIMC Announces 110 Million Nigerians Enrolled for National Identification Number

NIMC Announces 110 Million Nigerians Enrolled for National Identification Number

Ukraine Denies Link to Suspect in Trump Assassination Attempt

Ukraine Denies Link to Suspect in Trump Assassination Attempt

Nigeria’s Q2 2024 Revenue Allocation: FAAC Disburses N3.473 Trillion

Nigeria's Q2 2024 Revenue Allocation: FAAC Disburses N3.473 Trillion

Leave a Reply Cancel reply

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

Recommended

Poland Contemplates Stricter Border Controls with Slovakia

Poland Contemplates Stricter Border Controls with Slovakia

2 years ago
Popular Singer, Swae Lee Makes Surprising Revelation About Nigeria

Popular Singer, Swae Lee Makes Surprising Revelation About Nigeria

2 years ago
What Comes Next for Germany After Scholz Loses Confidence Vote?

What Comes Next for Germany After Scholz Loses Confidence Vote?

10 months ago
Trillions Down the Drain? SERAP Takes Wike and Governors to Court Over FAAC Spending

Trillions Down the Drain? SERAP Takes Wike and Governors to Court Over FAAC Spending

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

Democrats Dump AIPAC: The Lobby No One Wants Anymore

Who’s Paying For Brandon Scott’s New Car?

Seyi Shay Reveals Truth Behind Fallout With Tiwa Savage

Rice Haunts Former Club as Arsenal Overcome West Ham to Go Top

Trending

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
Business & Finance

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina

byEriki Joan Ugunushe
October 4, 2025
0

As a result of the tariffs imposed under President Trump’s administration, China, once the biggest buyer of...

Baltimore City Offering Grants to Redevelop Vacant Homes

Baltimore City Offering Grants to Redevelop Vacant Homes

October 4, 2025
Is Italy's Government "Nervous" as Gaza Protests Put Pressure on Meloni

Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

October 4, 2025
Why Were Dozens of Flights Canceled at Amsterdam's Schiphol Airport

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

October 4, 2025
Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

October 4, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
  • Baltimore City Offering Grants to Redevelop Vacant Homes
  • Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com