Summary
Inflation
Headline yoy 11.38 from 9.62,
MoM 2.3 from 0.9,
12 month 9.39 from 9.13,
Core yoy 11.04 from 8.84,
mom 2.72 from 0.84,
12month 8.73 from 8.39.
Food yoy 11.35 from 10.64,
mom 1.38 from 0.92,
12month 10.18 from 10.02.
Imported inflation
13.19pct from 11.22pc
12 month 9.39 from 9.13,
Core yoy 11.04 from 8.84,
mom 2.72 from 0.84,
12month 8.73 from 8.39.
Food yoy 11.35 from 10.64,
mom 1.38 from 0.92,
12month 10.18 from 10.02.
Imported inflation
13.19pct from 11.22pc
Nigeria's annual consumer inflation rate rose 11.4 percent
in February, 176 basis points higher than in January, to near a
three-and-a-half year high.
The National Bureau of Statistics (NBS) in its monthly data
report released in Abuja today, showed Food prices, which account for the bulk
of the inflation basket, climbing by 11.3 percent in February compared with
10.6 percent the previous month.
The report added that all major food groups which contribute
to the food sub-index increased at a faster pace during the month, while it
expects inflation to end the year at 10.16 percent, above the central bank's
target upper limit of nine percent.
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