Nigeria: Inflation Jumps to 16.47%, Highest Point Since 2017

Fresh spices and fruits on display at a market in Abuja, Nigeria
16 February 2021

The Nigeria consumer price index, which measures the rate of increase in the price of goods and services, increased to 16.47 per cent in January.

Also read: Oil prices rise above $58.17pb as OPEC, non-OPEC members commit to output cut

Recent statistics show this is the height since April 2017.

A report on inflation released by the National Bureau of Statistics (NBS) shows that food inflation has also crossed the 20 per cent mark.

More details to follow

Vanguard News Nigeria

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