By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: NBS Report: Nigeria’s inflation goes up to 12.13%
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Business

NBS Report: Nigeria’s inflation goes up to 12.13%

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: February 18, 2020
Share
2 Min Read
Inflation
SHARE

The National Bureau of Statistics (NBS) has said the country’s Consumer Price Index (CPI) also known as inflation increased to 12.13% in January 2020.

Okay.ng understands that the NBS disclosed this in its report released on Tuesday.

According to the report, the increase was 0.15% points higher than the rate recorded in December 2019, which was 11.98%.

“The percentage change in the average composite CPI for the 12 months period ending January 2020, over the average of the CPI for the previous 12 months period was 11.46 percent, showing 0.06 percent point from 11.40 percent recorded in December 2019,” the report read.

- Advertisement -

“The urban inflation rate increased from 12.62 percent in December to 12.78 percent year on year in January 2020, while the rural inflation rate increased from 11.41 percent in December 2019 to 11.54 percent in January 2020.

“On a month-on-month basis, the urban index rose from 0.90 percent recorded in December 2019 to 0.92 percent in January 2020, up by 0.02, while the rural index also rose by 0.83 percent in January 2020, up by 0.01 from the rate recorded in December 2019, which was 0.82 percent.

“The corresponding 12-month year-on-year average percentage change for the urban index is 11.92 percent in January 2020. This is higher than 11.83 percent reported in December 2019.

“While the corresponding rural inflation rate in January 2020 is 11.04 percent compared to 11.00 percent recorded in December 2019,”

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:InflationNBSNigeria
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Muhammadu Buhari All govt financial transactions to be made public soon — Buhari
Next Article SGF Boss Mustapha Service chiefs won’t be sacked — SGF Boss Mustapha

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,550.00
Sell₦1,565.00
GBP
Buy₦1,760.00
Sell₦1,790.00
EUR
Buy₦2,135.00
Sell₦2,170.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

MultiChoice Hit with ₦766.2 Million Fine Over Data Protection Breaches
News
Ezenwo Nyesom Wike
Wike Accuses Opposition Leaders of Self-Interest, Questions Their Commitment to Nigerians
Politics Top stories
Workers’ Unrest Looms as Nigeria Faces Economic and Security Crisis — NLC Issues Stark Warning
News
Rising Star Gonzalo Garcia Shares Top Scorer Spotlight at FIFA Club World Cup
Sport
Security Measures Heightened in Oyo State as Neo-Black Movement Prepares for Annual Founders’ Day
Security
- Advertisement -
Ad imageAd image

You May Also Like

Atiku Abubakar
Politics

Atiku Abubakar Pledges to Combat Electoral Fraud, Promises Socioeconomic Renewal Through ADC in 2027 Polls

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 6, 2025
InternationalTop stories

Nigeria and Brazil Forge Stronger Agricultural Ties to Boost Food Security

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 6, 2025
News

Anglican Bishop of Warri Raises Alarm Over Nigeria’s Spiraling Insecurity and Calls for Urgent Government Action

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 6, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?