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    Home»News»Inflation Rate Rises To 12.2% Highest Record In 21 Months- NBS
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    Inflation Rate Rises To 12.2% Highest Record In 21 Months- NBS

    straightnewsng.comBy straightnewsng.comMarch 17, 2020 --- 1:57 pmNo Comments1 Min Read
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    The Consumer Price Index, (CPI) which measures inflation increased by 12.20% (year-on-year) in February 2020, National Bureau of Statistics (NBS) said.

    In its inflation report for February 2020 released on Tuesday, the agency explained that the figure was 0.07% higher than the rate of 12.13% recorded in January 2020.

    The food index rose from 14.85% recorded in January to 14.9% in February 2020 while core inflation increased by 0.08% to stand at 9.43% compared to 9.35% recorded in the preceding month.

    Consumer Price Index CPI inflation National Bureau of Statistics (NBS)
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