Nigeria’s Headline Inflation Soars to 31.70% Amid Rising Cost Of Living
The country’s headline inflation moved to 31.70% percent in February 2024, according to the latest data released by the National Bureau of Statistics (NBS).
NBS released the latest figure on Friday.
“In February 2024, the headline inflation rate increased to 31.70% relative to the January 2024 headline inflation rate which was 29.90%,” the NBS said in its Consumer Price Index (CPI) report – which measures changes in prices of goods and services – for February.
“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. Details later…
