Nigeria's inflation rate has risen from 11.98 per cent in December to 12.13 per cent in January.
The new data is contained in the Consumer Price Index released by The National Bureau of Statistics on Tuesday. An analysis of the NBS report revealed that the inflation rate of 12.13 per cent is the highest recorded by the economy in the last 22 months. The last time Nigeria’s inflation rate was as high as 12.13 per cent was in April 2018 when the CPI rose to 12.48 per cent.
The report reads in part, “Consumer price index, which measures inflation increased by 12.13 per cent in January 2020.On a month-on-month basis, the index increased by 0.87 per cent in January 2020.
Lies... Food cheap now in the market, so what you are talking about inflation all lies.
When incompetent govt raises VAT on all goods and services, here is the outcome. Useless govt
It will soon be over, anything found on corruption is bound to fail, Nigeria is heading to abyss.
felixfabeku buhari disasterous achievement carried from his first tenure into his second tenure.
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UPDATED: Food Prices Force Inflation To Hit 12.13% Rise In JanuaryData from the National Bureau of Statistics shows that increase in food prices has forced Nigeria’s inflation for January 2020 to be 0.15 percent points higher than the rate recorded in December 2019. Channelstv you want us to go and do the calculation ourself right? Or you don't want to offend somebody if you say January 2020 inflation rate is 12.13%, highest in 21 months. Diplomatic news channel😡 Surely there is rice in Kano But farmers claimed surplus in tomato cultivation forcing price drop due availability of fertilizer, better crop practices and hoarding.
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Food Prices Force Inflation To Hit 12.13% Rise In JanuaryFood Price Increase Forces Inflation To Hit 12.13% Rise In January. Sai Baba😂😂 And yet we waste food more than any other country in the world..... This country needs salvation. My dear problematic country. Is this part of the NextLevel NextLevel they promised Nigerians? We are in trouble in this country.
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Nigeria’s inflation rises to 12.13%We are a quality, national, newspaper with credible and dependable information. MBuhari your economic management team lead by FinMinNigeria and cenbank governor are failing their action VAT and 2/3% interest rates on deposit is resulting in inflation that's one of the effects of VAT increase. still to come
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Inflation rises to 12.13% in January – NBSThe National Bureau of Statistics (NBS) says the Consumer Price Index (CPI) which measures inflation increased by 12.13 per cent year-on-year in January 2020. Sai Baba Till Infinity Buhari is working
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