The National Bureau of Statistics says the Consumer Price Index which measures inflation increased by 12.13 per cent year-on-year in January 2020.It stated that this increase was 0.15 per cent points higher than the rate recorded in December 2019, which was 11.98 per cent.
According to NBS, month-on-month basis, the headline index increased by 0.87 per cent in January 2020 and this is 0.02 per cent rate higher than the rate recorded in December 2019, which was 0.85 per cent. “The urban inflation rate increased from 12.62 per cent in December to 12.78 per cent year on year in January 2020, while the rural inflation rate increased from 11.41 per cent in December 2019 to 11.54 per cent in January 2020.
“The corresponding 12-month year-on-year average percentage change for the urban index is 11.92 per cent in January 2020. This is higher than 11.83 per cent reported in December 2019.
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.
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.
Source: channelstv - 🏆 7. / 63 Read more »
Exchange rate policy may trigger forex hoarding, inflation — ExpertsOkay
Source: MobilePunch - 🏆 8. / 63 Read more »
Coronavirus: Cases On Japan Cruise Ship Rises To 355Coronavirus: Cases On Japan Cruise Ship Rises To 355.
Source: channelstv - 🏆 7. / 63 Read more »
Bello warns MDAs against contract inflation, project padding | The Guardian Nigeria News - Nigeria and World NewsYahaya Bello of Kogi has warned heads of ministries, departments and agencies (MDAs) and members of his cabinet against inflating costs of projects and contracts. He gave the warning on Monday in Lokoja while declaring open a two-day induction..... Gra-gra I hope they are practicing that.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Ihedioha vs Uzodinma: Suspense as Supreme Court revisits Imo judgement - Daily Post NigeriaToday, the Supreme Court will take a second look at its January 15 controversial judgment, which upturned the election of Emeka Ihedioha of the Peoples Bye bye to rada rada HopeUzodinma The arithmetic Ihedioha got 273,404 votes Nwosu polled 190,364 votes Ararume got 114, 676 votes Uzodinma garnered 96,458 votes Total: 560,226 – 542,777, which was the number of the valid votes =17,449 MBuhari inecnigeria NotMyPresident H😂🤣😂 here we go again Tweetwizzard It should be done ohhhh..
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Another search for a people’s constitution - Nigeria SenateThe search for a people’s constitution inched forward on January 30, when Senate President Ahmad Lawanannounced the composition of a
Source: TheNationNews - 🏆 6. / 69 Read more »