The National Bureau of Statistics (NBS) has revealed in it’s latest report that Nigeria’s inflation rate skyrocketed by 31.6% in the month of February.
According to the report, the Consumer Price Index (CPI), which measures the rate of change in prices of goods and services, went up from 29.9 per cent recorded in the previous month.
The CPI report released on Friday (today) also revealed that food inflation surged to 37.92 per cent in the month under review.
The bureau said the January 2024 headline inflation rate showed an increase of “1.80% points when compared to the January 2023 headline inflation rate.”
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 has revealed in it’s latest report that Nigeria’s inflation rate skyrocketed by 31.6% in the month of February.){kind=link}