Nigeria’s Inflation Rate Climbs to 9.5% in February

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Nigeria’s inflation rate climbed to 9.5 percent in February, the statistics agency said.

Inflation in Africa’s largest oil producer accelerated from 9 percent in January, the Abuja-based National Bureau of Statistics said in an e-mailed statement yesterday. The median estimate of six economists surveyed by Bloomberg News was 9.6 percent. Prices rose 0.8 percent in the month.