• About
  • Advertise
  • Contact
Thursday, October 23, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home National

Nigeria records 15% inflation rate in Feb. — NBS

Vital News by Vital News
March 15, 2022
in National
0
Share on FacebookShare on Twitter

By Ikenna Uwadileke

Abuja – The National Bureau of Statistics (NBS), on Tuesday in Abuja said that Nigeria recorded an inflation rate of 15.70 per cent in February.

The Statistician-General of the Federation, Dr Simon Harry, said this at a news conference to announce foreign trade statistics for fourth quarter 2021 and Consumer Price Index (CPI) for February 2022.

Harry said there was a 0.10 per cent increase from the 15. 60 per cent recorded in January, 2022.

“The nation recorded an inflation rate of 15.70 per cent in Feb. 2022 on a year-on-year basis, which is 0.10 per cent points higher than the 15.60 per cent recorded in Jan. 2022.

RelatedStories

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

Understanding UNGA Resolution 2758 And One-China Principle By Lawal Sale

President Tinubu Appoints Another Minister From Plateau

Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa

“On month-on-month basis, Headline index increased by 1.63 per cent in February, 2022. This was 0.16 per cent points higher than the rate recorded in January 2022,’’ he said.

Harry said that the composite food index rose by 17.11 per cent, recording a decrease of 4.68 per cent points in February, 2022, compared to 21.79 per cent recorded in February, 2021.

He said that the rise in the food index was caused by increases in prices of bread and cereals, food products such as potatoes, yam and other tubers, oils and fats and fruits.

“On month-on-month basis, the food sub-index increased by 1.87 per cent in February, 2022, an increase from 1.62 per cent recorded in January.

He said that food inflation for February was 17.11 per cent, compared to 17.13 per cent in January.

On state-wise basis, Harry said that food inflation on year-on-year was highest in Kogi with 21.04 per cent, followed by Enugu with 20.31 per cent and Kwara 20.03 per cent.

He said that Sokoto had the lowest with 13.89 per cent in February.

The statistician-general said “all items less farm produce’’ or Core inflation, which excludes the prices of volatile agricultural produce increased by 14.01 per cent in February.

He said this was higher compared to 12.38 per cent recorded in February 2021.

According to him, on month-on-month basis, the core sub-index increased by 1.33 per cent in February, 2022.

This according to him is higher when compared to 1.25 per cent recorded in January 2022.

“The highest increases were recorded in prices of gas, liquid fuel, wine and tobacco.

“Others are spirit, narcotics, solid fuels, cleaning, repairs and hire of clothing, garments, shoes and other foot wears.

“The rest are services in respect of personal transport equipment, clothing materials, other articles of clothing and clothing accessories and other services,’’ Harry said.

The statistician-general said that urban inflation rate increased by 16.25 per cent (year-on-year) in February, 2022 from 17.92 per cent recorded in February, 2021.

“On the other hand, rural inflation rate increased by 15.18 per cent in February 2022 from 16.77 per cent in February 2021.

“On a month-on-month basis, the urban index rose by 1.65 per cent in February, 2022.

“This was higher compared to the rate recorded in January, 2022 which was 1.53 per cent.

“The rural index rose by 1.61 per cent in February 2022, which is also higher compared to the rate recorded in January 2022, which was 1.42 per cent,’’ he said. (NAN/vitalnews)

Tags: EconomyinflationNBSrate
Previous Post

March 26 convention : APC sells nomination forms for N20m, N10m , N5m

Next Post

Ebonyi declares seats of three PDP lawmakers vacant

Vital News

Vital News

RelatedStories

FG Cancels Independence Anniversary Parade
Environment

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

October 22, 2025
Understanding UNGA Resolution 2758 And One-China Principle By Lawal Sale
Opinion

Understanding UNGA Resolution 2758 And One-China Principle By Lawal Sale

October 21, 2025
In Jos, President Tinubu Assures Northern Christians Of Fairness
National

President Tinubu Appoints Another Minister From Plateau

October 21, 2025
Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa
Opinion

Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa

October 21, 2025
Standing With The Bello Family – Justice Must Never Be Cheapened – NGO
National

Standing With The Bello Family – Justice Must Never Be Cheapened – NGO

October 17, 2025
Next Post

Ebonyi declares seats of three PDP lawmakers vacant

Hunters kill lion in Borno village

Bandits kill DPO, 2 policemen, 4 vigilantes in Niger

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Peace Advocate Calls For More Investment In Education

3 years ago

Siemens project will guarantee stable power supply to 40 million Nigerians, create 11,000 jobs – FG

4 years ago
Calabar Female Medical Doctor Jailed Seven Years For N127mln Fraud

Calabar Female Medical Doctor Jailed Seven Years For N127mln Fraud

9 months ago

Customs intercepts goods worth N139 million in North Central

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

Trailer Crushes Female University Lecturer To Death In Lokoja

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

National Orthopedic Hospital Jalingo Signs MoU With Police Health Maintenance Limited

Former Kogi Senator In Trouble Over Attempts To Scuttle Appointment Of Amupitan As INEC Chairman, Action Raises Dust Among Kinsmen

Trending

Professor Amupitan Resumes Office As New INEC Chairman
News

Professor Amupitan Resumes Office As New INEC Chairman

by Vital News
October 23, 2025
0

Professor Joash Amupitan on Thursday resumed office as the new Chairman of the Independent National Electoral Commission...

Dangote Denies Ownership Of Truck Involved In Enugu Accident

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

October 23, 2025
Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

October 23, 2025
Trailer Crushes Female University Lecturer To Death In Lokoja

Trailer Crushes Female University Lecturer To Death In Lokoja

October 23, 2025
Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

October 22, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Professor Amupitan Resumes Office As New INEC Chairman October 23, 2025
  • Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident October 23, 2025
  • Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman October 23, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In