January 2020 Inflation Jumps to 12.13%; IMF Lowers Nigeria’s 2020 Growth Forecast to 2%

February 21, 2020/Cowry Asset

In the just concluded week, National Bureau of Statistics reported a 12.13% rise in annual inflation rate for the month of January; higher than 11.98% recorded in December.

The increase in inflation rate was caused by faster increase in average food prices; with non-food prices climbing marginally.

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