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Inflation Drops to 15.60% in January, says NBS

Omotayo Daranjo by Omotayo Daranjo
February 16, 2022
in Business
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Inflation Drops to 15.60% in January, says NBS
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The National Bureau of Statistics (NBS) on Tuesday said that the inflation rate decreased from 15.63 per cent in December 2021 to 15.60 per cent in January 2022.

The Statistician-General of the Federation, Dr. Simon Harry broke the news to reporters in Abuja.

Giving the summary, he said: “In summary and in attempt to make a comparison between the January, 2022 and December, 2021 figures, it is important to note that

“Headline Inflation for the month of January, 2022 was 15.60%, while that of December, 2021 was 15.63%.”

He added that Core Inflation for January, 2022 was 13.87% while that of December 2021 was also 13.87%.

According to him: “Food Inflation for January, 2022 was 17.13 percent compared to 17.37%, percent in December, 2021.”

Tags: 15.60% IN JANUARYINFLATION DROPS

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