The National Bureau of Statistics on Tuesday stated that an increase in major food items such as fish, vegetables and bread pushed the Consumer Price Index, which measures inflation, from 9.6 per cent in January to 11.4 per cent in February.



The 11.4 per cent for February, which is the highest in almost three years, is an increase of 176 basis points from what was recorded in January.

The last time Nigeria recorded a double-digit inflation rate was in December 2012.

The bureau stated that the faster pace of increase, which led to the overall rise in the headline index, was recorded across almost all major divisions that contributed to the Headline index, with the exception of the restaurants and hotels division.

For instance, the report stated that after increasing at the same pace for two months, the Food......

Read more@http://www.nairausd.com/2016/03/inflation-rises-to-three-year-high-at.html?m=1

Twitter@nairausd

Facebook@IfyAn ify

Yes it was anticipated. The change we have is not the change we needed.

psucc:
Yes it was anticipated.
The change we have is not the change we needed.

No economic plan from this current administration.

Though this was anticipated

Thanks to buhari

Only PDP supporters buy things at higher cost. This statement happens when a politician knows his supporters are zombies , who keep suffering and smiling even as they die gradually and certainly.

nnachukz:
Only PDP supporters buy things at higher cost. This statement happens when a politician knows his supporters are zombies , who keep suffering and smiling even as they die gradually and certainly.

They know the truth but live in denial.

God bless us