Nigeria’s  Inflation Rate Hits 12.2% – NBS

The National Bureau of Statistics, NBS, has, on Tuesday, revealed that inflation rate in Nigeria jumped to 12.20 per cent year-on-year in February.

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

The 12.2 per cent 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 per cent recorded in January this year


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