{"id":23401,"date":"2024-03-15T14:44:38","date_gmt":"2024-03-15T14:44:38","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=23401"},"modified":"2024-03-15T14:44:38","modified_gmt":"2024-03-15T14:44:38","slug":"economic-hardship-inflation-rate-climbs-to-31-7","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/03\/15\/economic-hardship-inflation-rate-climbs-to-31-7\/","title":{"rendered":"Economic Hardship: Inflation Rate Climbs to 31.7%"},"content":{"rendered":"<p>Inflationary pressure in Nigeria has continued its upward trajectory, as data from the National Bureau of Statistics (NBS) reveals a headline inflation rate of 31.70% for February 2024. This marks a notable increase from the January 2024 headline inflation rate of 29.90%.<\/p>\n<p>The data indicates that the rate of increase in the average price level in February outpaced that of January 2024. Specifically, February 2024 saw an inflation rate surge of 1.80 percentage points compared to January 2024.<\/p>\n<p>Year-on-year, the headline inflation rate for February 2024 stood at 31.70%, marking a significant uptick of 9.79 percentage points compared to February 2023, which recorded a rate of 21.91%.<\/p>\n<p>The latest figures released by the NBS on Friday underscore the persistent rise in headline inflation, as February 2024 witnessed an increase compared to the same month in the preceding year, February 2023.<\/p>\n<p>Additionally, on a month-on-month basis, February 2024 saw a headline inflation rate of 3.12%, marking a 0.48% increase from January 2024, which recorded a rate of 2.64%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflationary pressure in Nigeria has continued its upward trajectory, as data from the National Bureau of Statistics (NBS) reveals a headline inflation rate of 31.70% for February 2024. This marks a notable increase from the January 2024 headline inflation rate of 29.90%. The data indicates that the rate of increase in the average price level [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":23403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-23401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/23401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=23401"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/23401\/revisions"}],"predecessor-version":[{"id":23414,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/23401\/revisions\/23414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/23403"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=23401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=23401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=23401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}