Nigeria’s inflation rate jumps to 31.70%

BusinessNews
By Toyibat Ajose
209

Nigeria’s headline inflation rate rose to 31.70% in February 2024, up from 29.90% in January, indicating a 1.80% gain.

In comparison, the annual inflation rate in February 2024 was 9.79% greater than in February 2023, when it was 21.91%.

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Furthermore, the month-on-month headline inflation rate in February 2024 rose to 3.12%, up 0.48% from 2.64% in January 2024.

This means that average prices climbed faster in February 2024 than in January 2024.

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Toyibat is a dedicated and results-driven professional with a strong background in media, education, and communication. Possessing exceptional interpersonal skills, a resourceful and innovative mindset, and a commitment to excellence. Proven ability to adapt quickly, meet targets, and prioritize readers satisfaction. Adept at both journalism and teaching roles, offering a unique blend of skills and experiences. Have over two years experience in Journalism and three years as a teacher. Self driven researcher.

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