The rate of inflation has risen to 21.91% amid cash crisis in Nigeria, as consumer price index (CPI), which is a determining factor of the rate of change in prices of goods and services, moved to 21.91 percent in February 2023, from 21.82 percent in January.
The National Bureau of Statistics (NBS) revealed the data for the inflation rate data — which is in the latest CPI report on Wednesday, March 15, 2023.
This development occurs across the country as the second consecutive rise in Nigeria’s inflation figure in 2013, as members of the public find it difficult to get cash to cater for their day to day needs.
Details shortly…
