{"id":4361,"date":"2024-03-15T17:32:35","date_gmt":"2024-03-15T17:32:35","guid":{"rendered":"https:\/\/shakamomodu.com\/?p=4361"},"modified":"2024-03-15T17:32:35","modified_gmt":"2024-03-15T17:32:35","slug":"nigerias-headline-inflation-hits-31-70-in-february-2024","status":"publish","type":"post","link":"https:\/\/shakamomodu.com\/index.php\/2024\/03\/15\/nigerias-headline-inflation-hits-31-70-in-february-2024\/","title":{"rendered":"Nigeria&#8217;s Headline Inflation Hits 31.70% in February 2024"},"content":{"rendered":"<p>Nigeria experienced a sharp rise in its headline inflation rate in February 2024, climbing to 31.70%, a significant increase from January 2024&#8217;s rate of 29.90%, marking a rise of 1.80%.<\/p>\n<p>Comparatively, February 2024&#8217;s inflation rate surged by 9.79% from the previous year, contrasting starkly with the 21.91% recorded in February 2023.<\/p>\n<p>Additionally, the month-on-month headline inflation rate for February 2024 rose to 3.12%, up by 0.48% from January 2024&#8217;s rate of 2.64%.<\/p>\n<p>The uptrend in food inflation, which reached 37.92% in February, further underscores the worrying trend of accelerating average prices during the month.<\/p>\n<p>These statistics suggest a faster pace of price escalation in February 2024 compared to January 2024, prompting speculation about a potential rate hike in the upcoming Monetary Policy Committee (MPC) meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria experienced a sharp rise in its headline inflation rate in February 2024, climbing to 31.70%, a significant increase from January 2024&#8217;s rate of 29.90%, marking a rise of 1.80%. Comparatively, February 2024&#8217;s inflation rate surged by 9.79% from the previous year, contrasting starkly with the 21.91% recorded in February 2023. Additionally, the month-on-month headline [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[37,35],"tags":[],"class_list":["post-4361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/4361"}],"collection":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/comments?post=4361"}],"version-history":[{"count":1,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/4361\/revisions"}],"predecessor-version":[{"id":4365,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/4361\/revisions\/4365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media\/4364"}],"wp:attachment":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media?parent=4361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/categories?post=4361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/tags?post=4361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}