Nigeria’s inflation rate rose to 17.33 percent, in February 2021, from the 16.47 percent recorded in the previous month of January 2021, under President Muhammadu Buhari’s watch, representing the highest inflation rate recorded in four years, under the All Progressives Congress, APC, Federal Government,
This is according to the latest inflation report published by the National Bureau of Statistics, NBS.
Food inflation rose to 21.79 percent in February 2021, compared to the 20.57 percent recorded in January 2021.
The ”All items less farm produce” or core inflation, which excludes the prices of volatile agricultural produce stood at 12.38 percent, in February 2021, up by 0.53 percent, when compared to the 11.85 percent recorded in January 2021.
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