Inflation rate in Nigeria has risen to 17.33% in February 2021, from 16.47% recorded in the previous month.
This is according to the latest inflation report published by the National Bureau of Statistics (NBS).
This figure is the highest inflation rate Nigeria has recorded in four years.
Food inflation rose to 21.79% in February 2021 compared to 20.57% recorded in January 2021.
The Core inflation, which excludes the prices of volatile agricultural produce stood at 12.38% in February 2021, up by 0.53% when compared with 11.85% recorded in January 2021.
More details to come…
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