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BREAKING: Inflation Hits 16.47%, Highest Since April 2017

Posted by Thandiubani on Tue 16th Feb, 2021 - tori.ng

The National Bureau of Statistics has released details of last months inflation rate in the country.

Lagos
Lagos
 
Nigeria's inflation rate has increased drastically to 16.47 per cent in January of 2021.
 
The new figure of consumer price index, which measures the rate of increase in the price of goods and services is the highest point since April 2017.
 
The report released by the National Bureau of Statistics shows that food inflation has also crossed the 20 per cent mark.
 
Details later…
 


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