The National Bureau of Statistics says the Consumer Price Index which measured inflation decreased to 11.31 per cent in February from 11.37 per cent recorded in January.
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, however, measured the CPI at 11.56 per cent in the period under review, indicating a 0.24 per cent decline from 11.80 per cent recorded in January. 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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