News
Updated: February 18, 2020

Inflation Rises To 12.13% In January

By Olusegun Akinleye
February 18, 2020
0

The National Bureau of Statistics, NBS, in its data released on Tuesday, shows that the increase in food prices has forced Nigeria’s inflation for January 2020 to hit 12.13 percent.

According to NBS, the inflation rate recorded in January was 0.15 percent higher than the rate recorded in December 2019 (11.98 percent).

The report reads in part: “In January 2020, food inflation on year on year basis was highest in Sokoto (19.08%), Ogun (18.72%) and Nasarawa (17.07%), while Bayelsa (12.91%), Delta (11.57%) and Benue (11.33%) recorded the slowest rise.”