Inflation Rises By 0.7% To 12.20%

The Consumer Price Index (CPI), which measures inflation, increased to 12.20 per cent (year-on-year) in February compared to 12.13 per cent in the preceding month, according to the National Bureau of Statistics (NBS).

Food inflation increased to 14.90 per cent compared to 14.85 per cent in January witnessing increases in prices of bread and cereals, fish, meat, vegetables, and oils and fats.

Also, core inflation, which excludes the prices of volatile agricultural produce increased to 9.43 per cent in February, up by 0.08 per cent when compared with 9.35 per cent in January.

Check Also

‎Service-Related Risks: DG NAFIC Tasks Troops To Leverage On NA Welfare Schemes ‎

The Director General, Nigerian Army Finance Corporation (NAFIC), Major General JE Osifo, has urged troops of 81 Division to take advantage of the various welfare schemes established by the Nigerian Army for its personnel.

Social Media Auto Publish Powered By : XYZScripts.com