By Ikenna Uwadileke
The National Bureau of Statistics (NBS), on Tuesday in Abuja said that Nigeria recorded an inflation rate of 15.70 per cent in February.
The Statistician-General of the Federation, Dr Simon Harry, said this at a news conference to announce foreign trade statistics for fourth quarter 2021 and Consumer Price Index (CPI) for February 2022.
Harry said there was a 0.10 per cent increase from the 15. 60 per cent recorded in January, 2022.
“The nation recorded an inflation rate of 15.70 per cent in Feb. 2022 on a year-on-year basis, which is 0.10 per cent points higher than the 15.60 per cent recorded in Jan. 2022.
“On month-on-month basis, Headline index increased by 1.63 per cent in February, 2022. This was 0.16 per cent points higher than the rate recorded in January 2022,’’ he said.
Harry said that the composite food index rose by 17.11 per cent, recording a decrease of 4.68 per cent points in February, 2022, compared to 21.79 per cent…
Source: News Agency of Nigeria
