The Consumer Price Index, which measures inflation, increased to 18.72 per cent in January this year.
The National Bureau of Statistics in its CPI report, which was released on Wednesday in Abuja, said the inflation rate rose by 0.17 percentage points from the 18.55 per cent recorded in December 2016.
“The Consumer Price Index, which measures inflation, increased by 18.72 per cent year-on-year in January 2017, 0.17 percentage points higher from the rate recorded in December 2016 at 18.55 per cent,” it stated.
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