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Lagos, March 2, 2021 The Lagos Chamber of Commerce and Industry (LCCI) has projected an increase within the range of one per cent in the Nigerian headline inflation index for February, 2021.
The LCCI made this known in a report titled: “Spiraling Inflation: Cost Implications for Businesses and the Economy” conducted by Dr Mathew Ojo, LCCI’s Assistant Director, Research and Advocacy department to newsmen on Tuesday.
According to the report, a survey conducted by the Chamber projected the headline inflation for February to hit 17.24 per cent from 16.47 per cent recorded in January.
Also, the LCCI in the report said that consequent headline inflation for the months of March and April was pegged at 17.93 per cent and 18.43 per cent respectively going by the Chamber’s model on inflation rate projections.