BREAKING: Inflation rate rises to 12.2%, highest record in 21 months ― NBS

National Bureau of Statistics (NBS) said that the consumer price index, (CPI) which measures inflation increased by 12.20% (year-on-year) in February 2020.

In its inflation report for February 2020 released on Tuesday,  the agency explained that the figure was 0.07% higher than the rate of 12.13% recorded in January 2020.

The food index rose from 14.85% recorded in January to 14.9% in February 2020 while core inflation increased by 0.08% to stand at 9.43% compared to 9.35% recorded in the preceding month.

Leave a Reply

Your email address will not be published. Required fields are marked *