Home Business Inflation Jumps to 12.2%, Highest in 21-Month, Says NBS

Inflation Jumps to 12.2%, Highest in 21-Month, Says NBS

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Nigeria’s inflationary pressure accelerated faster in February, hitting a 21 month high of 12.20 per cent, up from 12.13 per cent in January, 2020.

The latest report released by the National Bureau of Statistics (NBS) on Tuesday showed that all indicators trended upwards: Headline (year on year) inflation at 12.20 per cent in Feb 2020 from 12.13 per cent in Jan 2020.

Food inflation at 14.90 per cent in Jan 2020 (14.85 per cent in Jan 2019); Core Inflation at 9.43 per cent in Jan 2020 (9.35 per cent  in Jan 2020)

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