According to the NBS, the highest increases were recorded in prices of gas, liquid fuel, wine, tobacco, spirit, narcotics, solid fuels among others.
It said, “In February 2022, the CPI which measures inflation increased to 15.70 per cent on year-on-year basis. This is 1.63 per cent points lower compared to the rate recorded in February 2021 per cent. This means that the headline inflation rate slowed down in February when compared to the same month in the previous year.
“Increases were recorded in all classification of individual consumption by purpose divisions that yielded the headline index. On month-on-month basis, the headline index increased to 1.63 per cent in February 2022, this is 0.16 per cent rate higher than the rate recorded in January 2022 per cent.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court remands Edo father for defiling 15-month-old daughterA father, Yahaya Oisamaiye, has been remanded in a custodial centre in Edo State for allegedly defiling his 15-month-old daughter. Easy access to alcohol, aphrodisiacs and other illicit drugs by depraved minds, as well as, lack of policy framework for mental health patients has put us on this sordid path, methinks!
Source: MobilePunch - 🏆 8. / 63 Read more »
15 remanded for kidnapping, killing travellers in IbadanAn Iyaganku chief magistrate, Justice P. O. Adetuyibi, has ordered the remand of 15 suspected kidnappers and killers of travellers... want to see me without a bra?
Source: Daily Trust - 🏆 13. / 51 Read more »
Father Remanded For Defiling Own 15-month-old BabyA father identified as Yahaya Oisamaiye has been remanded in a correctional facility in Edo State by Justice Geraldine Imadegbelo to await the advice of the
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Housemaid, 15, strangles madam’s son ‘under cult order’Says ‘I joined cult after eating biscuit from school friend A 15-year-old housemaid, Odo Chiamaka, arrested for allegedly strangling her madam’s here are my naked photos
Source: Daily Trust - 🏆 13. / 51 Read more »
15 Nigerian startups selected for Google Accelerator Africa programmeGoogle, on Monday, announced 15 tech startups from Nigeria and six other countries, with Cote D’Ivoire participating for the first time in its Accelerator Africa programme. Message me if you want to get Google Voice - US number 2000 . WhatsApp number - 07088958789... Message me if you want to get Google Voice - US number 2000 . WhatsApp number - 07088958789.. Message me if you want to get Google Voice - US number 2000 . WhatsApp number - 07088958789
Source: MobilePunch - 🏆 8. / 63 Read more »
Nigeria's inflation rises to 15.70% as fuel scarcity effects pricesNigeria has faced fuel shortages since February after importing substandard fuel, resulting in weeks of severe scarcity and long queues at filling stations. Is it “effect prices” or “affect prices”?
Source: PremiumTimesng - 🏆 3. / 78 Read more »