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Again, Nigeria’s inflation rises

The consumer price index, (CPI) which measures inflation increased by 12.13 percent (year-on-year) in January 2020.

The National Bureau of Statistics (NBS), in its CPI and Inflation Report January 2020 stayed that the figure is 0.15 percent points higher than the rate recorded in December 2019 (11.98) percent.

On month-on-month basis, the Headline index increased by 0.87 percent in January 2020, this is 0.02 percent rate higher than the rate recorded in December 2019 (0.85) percent.