• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

July 2017 inflation rate is 16.05%, What it means for interest rates

Nairametrics by Nairametrics
August 28, 2017
in Business News
Nigeria’s Latest Inflation Rate Data (Updated September 2018)
Share on FacebookShare on TwitterShare on Linkedin

Nigeria’s inflation rate rose 16.05% year on  year for the month of July 2017. This compares to the 16.10% rise reported in June 2017. It also represents the 6th consecutive  decline in the rate of headline year on year inflation since January 2017.

On a month on basis, the Headline index increased by 1.21% in July 2017, 0.37 percent points lower from the rate of 1.58% recorded in June.

Core Inflation

RelatedStories

Top 10 most affordable states to live in Nigeria – May 2025 ranking  

Top 10 most affordable states to live in Nigeria – May 2025 ranking  

June 18, 2025
Top 10 most expensive states to live in Nigeria in May 2025 

Top 10 most expensive states to live in Nigeria in May 2025 

June 16, 2025

Core inflation which excludes the prices of volatile food produce eased by 0.30 percent in July to 12.20% points from 12.50% recorded in June. Core inflation similar to overall/headline inflation has declined consecutively since January 2017.

On a month-on-month basis, the Core sub-index increased by 1.00 percent in July, 0.32 percent points lower from 1.32 percent recorded in June

What this means

Analysts had expected a faster decline in year on year inflation rate for July, believing that inflation rate could come under 16% for the first time since May 2015. However, at 16.05% it thus suggest the prices of goods and services is still high relative to last year’s base prices, signaling that Nigeria still has a long way to go, if we are to achieve price stability.

The impact of a slow inflation rate also means, interest rates, which the government has been trying to bring down, will remain stubbornly high, especially for government securities such as treasury bills and bonds. Lending rates which has remained north of 20% will also remain at these levels except the CBN decides to withdraw some of its  monetary policy tools that have been geared towards tightening money supply.

This week is also the last week of treasury bills sales for the quarter (according to CBN’s treasury bills calendar) suggesting that rates could reduce a bit as investors scramble to purchase one of the most lucrative securities around. Also interesting to note that government failed to achieve full subscription on its bond offering last week suggesting that the market still expects interest rates to remain high.

Tags: inflation rateJuly 2017 inflation rateQuickTakes
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Top 10 most affordable states to live in Nigeria – May 2025 ranking  
Economy

Top 10 most affordable states to live in Nigeria – May 2025 ranking  

June 18, 2025
Top 10 most expensive states to live in Nigeria in May 2025 
Economy

Top 10 most expensive states to live in Nigeria in May 2025 

June 16, 2025
When you travel to your village, why do you buy yams, palm oil and bananas and return them to your city?
Breaking News

Nigeria’s inflation rate eases to 22.97% in May 2025 

June 16, 2025
When you travel to your village, why do you buy yams, palm oil and bananas and return them to your city?
Breaking News

Nigeria’s inflation rate eases to 23.71% in April 2025 

May 15, 2025
CBN
Economy

Rural Nigerians see inflation as easing, urban dwellers still feel the pinch – CBN survey 

May 12, 2025
Insurance Sector: Nigeria’s galloping inflation to drive claim costs 
Economy

Mixed expectations on inflation rate for February, no sharp decline is expected

March 15, 2025
Next Post
Dangote plans to invest Up to $50 Billion in U.S., Europe

4 lessons entrepreneurs should learn from Dangote’s Bloomberg interview

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • Larry Ellison, Jensen Huang are $11.6 billion richer in 24 hours 
  • Appeal Court reverses N579bn Stamp Duty payment to Kasmal Services in CBN’s favor 
  • NDPC urges Court to dismiss Meta’s suit over $32.8 million data privacy sanction 

Follow us on social media:

Recent News

Billionaire and Oracle co-founder, Larry Ellison

Larry Ellison, Jensen Huang are $11.6 billion richer in 24 hours 

July 16, 2025
FCT High Court, Benjamin Joseph, zinox

Appeal Court reverses N579bn Stamp Duty payment to Kasmal Services in CBN’s favor 

July 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics