Nigeria’s inflation rate has risen to 17.33 per cent in February, 2021 from the 16.47 per cent recorded in January 2021.
The consumer Price Index (CPI) data released Tuesday by the National Bureau of Statistics (NBS) showed that core inflation, which measures inflation without volatile items, rose from 11.85 per cent in January, 2021 to 12.38 per cent in February 2021 .
Similarly, food inflation skyrocketed to 21.79 percent in February 2021 from 20.57 per cent in January 2021.
The NBS reported on Monday that the number of people unemployed in Nigeria increased from 21.77 million people in the second quarter of 2020 to 23.19 million people in the fourth quarter of 2020.