Nigeria’s Inflation Drops By 0.06% In February – NBS – Channels Television

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Nigeria’s Inflation Drops By 0.06% In February – NBS – Channels Television
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Nigeria’s Inflation Drops By 0.06% In February - NBS.

The consumer price index, which measures inflation level in the country, dropped to 11.31 percent in February 2018 from the 11.37 percent rate recorded in January 2019.

The data highlighted that on a month-on-month basis, the headline index increased by 0.73 percent in February 2019, which is 0.01 percent rate lower than the rate recorded in January 2019 percent. However, the composite food index rose by 13.47 percent in February compared to 13.51 percent in January 2019.

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