The National Bureau of Statistics (NBS) has reported that the consumer price index (CPI), which measures inflation, increased by 16.47 per cent year on year in January 2021.
Also, food inflation rose 20.57 per cent in January 2021 compared to 19.56 per cent in December 2020.
“This is 0.71 per cent points higher than the rate recorded in December 2020 (15.75 per cent).
“On a month-on-month basis, headline index increased by 1.49 per cent in January 2021. This is a 0.12 percentage points lower than the rate recorded in December 2020 (1.61 per cent).
“Rise in the food index was caused by increases in prices of bread and cereals, potatoes, yam, and other tubers, meat, fruits, vegetable, fish and oils and fats.
“On a month on month basis, the food sub-index increased by 1.83 per cent in January 2021, down by 0.22 percentage points from 2.05 per cent recorded in December 2020, the bureau said in its report.”
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“Please do not talk to my father. He is yet to come to terms with the death of his son. It is a most tragic experience. How does one quantify the loss of a dear brother? My brother was killed like an animal by two herdsmen. His offence was that he asked them to drive their cows off his already cultivated farmland,” Bisi Olaosepin, whose brother was hacked to death, struggled to hold back his tears as he relayed to Sunday Tribune the horrible experience that culminated in the passage of his brother…Food inflation rose to 20.5%, consumer price index 16.47% in January, says NBS