Nigeria’s inflation rate hits 11.31% in February – NBS
The NBS made this known in its “CPI and Inflation Report’’ for February released in Abuja on Friday on its website.
It said the increases were recorded in all Classification of Individual Consumption by Purpose divisions that yielded the Headline index. It said the percentage change in the average composite CPI for the 12 months period ended December over the average of CPI for the previous 12 months period. It said the rural inflation rate also decreased to 11.05 per cent in February from 11.11 per cent recorded in January.
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