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Nigeria’s Inflation Rate Falls For the First Time In 15 Months

The National Bureau of Statistics on Tuesday released the which measures rate with the index dropping from 18.72 per cent in to 17.78 per cent in February.

Inflation 650x400 - Nigeria's Inflation Rate Falls For the First Time In 15 Months

The drop in the inflation rate by 0.94 percentage points according to the report is the first time in 15 months that the country would see a reduction in inflation rate.

The report said the drop was attributed to slow increase recorded in food prices and other divisions.

This announcement is coming four days after return from a 50-day medical vacation in .




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Farouk Mohammed

Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 5 years and focused more on Local/World News on Okay.ng

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