INFLATION RISES TO 12.20% IN FEBRUARY

Written by on March 17, 2020

National Bureau of Statistics in her recent report says that
Nigeria’s headline inflation has recorded yet another rise to
12.20 percent in February, from the 12.13 percent recorded in
January the same year.
A report revealed that food inflation increased marginally Year
on Year to 14.90% in January 2020, compared to the figures
obtained in January 2019.
It could be recalled that earlier in January data from the NBS
showed that food prices forced Nigeria’s inflation for the month
to hit 12.13 percent, recording five months of consecutive
increase.


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