Nigeria’s inflation rate rose to 17.33% in February 2021, the highest recorded in four years.

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

In January, inflation rose to 16.47 per cent amid skyrocketed food prices.

Food inflation also rose to 21.79 per cent in February, compared to 20.57 per cent recorded in January 2021.

According to the NBS, the upward movement in food inflation was caused by increases in the prices of bread, cereals, fish, potatoes, yam and other tubers, vegetables, meat, oils and fats, fruits and food products

Nigeria’s inflation rate rose to 17.33% in February 2021, the highest recorded in four years.

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

In January, inflation rose to 16.47 per cent amid skyrocketed food prices.

Food inflation also rose to 21.79 per cent in February, compared to 20.57 per cent recorded in January 2021.

According to the NBS, the upward movement in food inflation was caused by increases in the prices of bread, cereals, fish, potatoes, yam and other tubers, vegetables, meat, oils and fats, fruits and food products.