Business
Nigeria’s inflation rate soars to 31.7% as food prices surge
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 31.7 percent in February 2024 — up from 29.9 percent in the previous month.
The National Bureau of Statistics (NBS) disclosed this in its CPI report for January, released on Friday.
According to the bureau, food inflation also surged to 37.92 percent in the month under review.
The bureau said the January 2024 headline inflation rate showed an increase of “1.80% points when compared to the January 2023 headline inflation rate.”
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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