Nigeria's annual inflation rate dropped to 11.31 percent in February 2019 from 11.37 percent in the previous month, as prices rose at a slower pace for all categories.
Food inflation fell to 13.47 percent in February from 13.51 percent in the previous month. In addition, prices rose at a softer pace for: housing & utilities (7.24 percent vs 7.35 percent); clothing & footwear (10.08 percent vs 10.14 percent); transport (9.57 percent vs 9.80 percent); furnishings & household equipment maintenance (9.59 percent vs 9.70 percent); education (9.64 percent vs 9.70 percent); health (9.69 percent vs 9.81 percent); miscellaneous goods & services (9.25 percent vs 9.40 percent); restaurants & hotels (9.04 percent vs 9.20 percent); recreation & culture (8.66 percent vs 8.71 percent); and communication (7.43 percent vs 7.48 percent).
Annual core inflation, which excludes price of volatile agricultural products, edged down to 9.8 percent in February from 9.9 percent in January.
On a monthly basis, consumer prices went up 0.7 percent, the same pace as in January.
3/15/2019 11:31:43 AM