The decrease in the index point
by 0.44% was due to the expenditure value decreases of food items by 0.17% and non-food items by 0.27% respectively.The overall rate of inflation as measured by NCPI on year on year (YoY) basis is 0.4% in December 2018 and inflation calculated for November 2018 was 1 % Y on Y inflation of food group has decreased from -3.9% in November 2018 to -4.5% in December 2018 and that of non-food group has also decreased from 5.2% to 4.7% during this month.
In fact, with an 18 index point
drop to a 13-year low level of -5 during Q4 2015, the CCI for the 16-24 year old age group booked by far the largest decline of all the age groups surveyed.
Movements of price indexes from one month to another are usually expressed as percent changes, rather than as changes in index points
. Index point
changes are affected by the level of the index in relation to its base period, whereas percent changes are not.
With consumers borrowing more money from financial institutions, particularly in the form of mortgages and buying 24% more cars than a year ago, the consumption index reached its highest level in almost seven years remaining above the 100 index point
mark for the past five consecutive months.
Global consumer confidence cautiously edged up one index point
to 93 in the second quarter of 2010 as increased confidence in booming Asian markets was offset by European consumers' growing concerns of an escalating debt crisis, the Nielsen Company said in a statement.
change Finished Goods Price Index 107.5 Less previous index 104.0 Equals index point
change 3.5 Index percent change Index point
change 3.5 Divided by the previous index 104.0 Equals 0.034 Result multiplied by 100 0.034 x 100 Equals percent change 3.4
The REER index likewise averaged lower by 6.11 index points
(6.7 percent) against the TPI-A and by 0.78 index point
(0.7 percent) against the TPI-A.
Consumer Confidence (Index Points
Guidance points to 9.1% year-over-year domestic sub growth in Q1 while the search index points
to 12.6% growth, Olson tells investors in a research note.
Buoyed by increased year-end activities, the manufacturing sector grew at a faster rate in December, hitting a record 61.1 index points
, the CBN manufacturing Purchasing Managers Index (PMI) has indicated.
Resultantly, market lost 158 points during the day, closing at 44,379 index points
He said that in 2016, the average of the REER index declined against the basket of currencies of all trading partners by 3.32 index points
(3.6 percent) to 88.90 index points
from 92.22 index points
a year ago.