BREAKING: Nigeria’s Inflation Rate Climbs To 17.33% in February 2021—According to NBS, Nigeria’s inflation rate rose to 17.33% in February 2021, from 16.47% recorded in the previous month. This represents the highest inflation rate recorded in four years.
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The Genius Media Nigeria gathered that this is according to the latest inflation report published by the National Bureau of Statistics (NBS).
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Food inflation rose to 21.79% in February 2021 compared to 20.57% recorded in January 2021.
The ”All items less farm produce” or Core inflation, which excludes the prices of volatile agricultural produce stood at 12.38% in February 2021, up by 0.53% when compared with 11.85% recorded in January 2021.
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