Nigeria’s Inflation Rate Rises to 17.33% in February 2021, Highest in Four Years

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According to the National Bureau of Statistics, the inflation rate in Nigeria increased to 17.33% in February 2021.

This is from 16.47% recorded in the previous month, representing the highest inflation rate recorded in four years.

This is according to the latest inflation report published by the National Bureau of Statistics (NBS).

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Food inflation rose to 21.79% in February 2021 compared to 20.57% 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% in February 2021, up by 0.53% when compared with 11.85% recorded in January 2021.

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