Inflation Rises In Nigeria To 12.13 Per Cent, Highest In 22 Months | Sahara Reporters The 12.13 per cent inflation rate represents an increase of 0.15 percentage point over the index recorded in December last year. READ MORE:
Nigeria's inflation rate has risen from 11.98 per cent in December to 12.13 per cent in January.
The new data is contained in the Consumer Price Index released by The National Bureau of Statistics on Tuesday. An analysis of the NBS report revealed that the inflation rate of 12.13 per cent is the highest recorded by the economy in the last 22 months. The last time Nigeria’s inflation rate was as high as 12.13 per cent was in April 2018 when the CPI rose to 12.48 per cent.
The report reads in part, “Consumer price index, which measures inflation increased by 12.13 per cent in January 2020.On a month-on-month basis, the index increased by 0.87 per cent in January 2020.
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UPDATED: Food Prices Force Inflation To Hit 12.13% Rise In JanuaryData from the National Bureau of Statistics shows that increase in food prices has forced Nigeria’s inflation for January 2020 to be 0.15 percent points higher than the rate recorded in December 2019.
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Nigeria’s inflation rises to 12.13%We are a quality, national, newspaper with credible and dependable information.
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Inflation rises to 12.13% in January – NBSThe National Bureau of Statistics (NBS) says the Consumer Price Index (CPI) which measures inflation increased by 12.13 per cent year-on-year in January 2020.
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