x

BREAKING: Inflation rate rises to 12.2%, highest in 21 months – NBS

The National Bureau of Statistics on Tuesday said inflation rose by 12.20 percent year-on-year in February.

The inflation rate of 12.2 percent, according to the bureau is 0.07 percentage points higher than the 12.13 percent recorded in January.

The 12.2 percent index is also the highest recorded by the economy in the last 21 months.

The NBS said the urban inflation rate increased by 12.85 percent year-on-year in February from 12.78 percent recorded in January this year.

On the other hand, the NBS report said the rural inflation rate increased by 11.61 percent in February from 11.54 percent recorded in January.

On a month-on-month basis, the report said the urban index rose by 0.82 percent in February, up by 0.10 percentage points from the 0.92 percent recorded in January.

It also said the rural index rose by 0.76 percent in February, down by 0.07 from the 0.83 percent recorded in January.

Details later…

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Dange/Shuni LGA Conducts Health Awareness Town Hall Meeting 

By Muhammad Ibrahim, Sokoto  The town hall meeting on Measles...

Plateau group faults Margif over false allegations against Mutfwang 

Accuses him of abandoning his people By Israel Adamu, Jos A...

Benue Upper Area Court Convicts Herdsman For Violating Anti Open Grazing Law

By Isaac Kertyo, Makurdi  An Upper Area Court sitting in...

Nigeria and China Launch $2 Billion Maritime Strategy To Boost Investments

The Federal Government of Nigeria, through the Ministry of...

Rain Fails to Halt 40th YSFON U-16 Cup Kick-Off in Lafia

From Abel Leonard, Lafia  LAFIA — Heavy rain could not...

Governor Yusuf Empowers 1,130 Kano Youths

By Jabiru Hassan KANO — Governor Abba Kabir Yusuf has...

Asaba NYG: Joint Committee Inspects Facilities Ahead of Games

By Anne Azuka The Joint Technical Committee for the 9th...

Plateau Moves to Mitigate Flooding Impact

By Israel Adamu, Jos As part of efforts to combat...
spot_img

Related Articles

Popular Categories

spot_imgspot_img