Nigeria’s headline inflation has moved to 31.70 percent in February, according to the latest data by the National Bureau of Statistics (NBS).
The NBS released the figure with the latest data a rise from the 29.90 percent recorded in January 2024.
According to the NBS Consumer Price Index and Inflation Report for February, the hike represents a 1.80 percent increase from what was recorded in January.
“In February 2024, the headline inflation rate increased to 31.70% relative to the January 2024 headline inflation rate which was 29.90%,” the report read partly.
“Looking at the movement, the February 2024 headline inflation rate showed an increase of 1.80% points when compared to the January 2024 headline inflation rate.”
