Business

Nigeria’s inflation rate hits highest in 21 months

Published

5 years ago

on

February 18, 2020

By

Nigeria's inflation rate hits record high as food inflation soars

Spread The News

Nigeria’s inflation rate has increased from 11.98% recorded in December 2019 to 12.13% in January 2020. This is the highest rate recorded in the country since May 2018, which was 11.61%.

According to the NBS report, month on month, inflation rose by 12.13% in January, higher than the rate (11.98%) recorded in December 2019 and 11.85% in November 2019. The food inflation rose from 14.67% reported in December 2019 to 14.85% in January 2020.

Details shortly…..

Related Topics:inflation rate National Bureau of Statistics (NBS)

CBN to mop up excess liquidity as N630.84bn hits market

Wema Bank MD, six others risk jail term for contempt

Continue Reading

Advertisement

Click to comment

Leave a Reply
Cancel reply

COVID

COVID

Health1 week ago

The Pfizer Papers: An exposé on COVID-19 vaccine trials, consequences

Huriwa MALNORISHED MINOR

Huriwa MALNORISHED MINOR

Crime3 days ago

HURIWA URGES PRESIDENT TINUBU TO RELEASE THE ‘MALNOURISHED’ MINORS BEING TRIED FOR TREASON OVER ENDBADGOVERNANCE PROTESTS

Bello

Bello

Crime6 days ago

EFCC pushes for in-absentia trial of Yahaya Bello amid N80bn fraud case

Ganiyat

Ganiyat

Crime5 days ago

Abducted female doctor regains freedom after ten months in captivity

Tunji Alausa and Nigeria's Grand Education Strategy

Tunji Alausa and Nigeria's Grand Education Strategy

Comments and Issues1 week ago

Tunji Alausa and Nigeria’s Grand Education Strategy

Reps

Reps

Reps seek to block renaming of Niger Delta Ministry amid controversy

SONEYE NNPC SPOKESPERSON2

SONEYE NNPC SPOKESPERSON2

NNPC spokesperson Olufemi Soneye celebrates 50th birthday by supporting widows and vulnerable individuals [+pictures]

import refined petroleum products

import refined petroleum products

Energy7 days ago

Ghana proposes to import petroleum from Dangote Refinery