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Inflation Drops to 15.60% in January, says NBS

Omotayo Daranjo by Omotayo Daranjo
February 16, 2022
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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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The Trumpet International Magazine is a real-time and comprehensive news magazine. It is an independent, national news provider for Africans, reporting daily developments and events in South Africa and other African Countries and their Citizens based in South Africa.

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