Nigeria, March 23 -- The Centre for the Promotion of Private Enterprise (CPPE) has warned that the rising global oil prices, driven by the US/Israel and Iran conflict, could undermine Nigeria's disinflation trend.

The CPPE also stated that the easing of inflation in February reflects only a slower price increase, not a reduction in the cost of living or an improvement in business profitability.

On Monday, the National Bureau of Statistics (NBS), in its February CPI report, stated that the country's headline inflation eased to 15.06 per cent, down from 15.10 per cent in January and 26.27 per cent a year earlier.

The report also revealed that the food inflation rose to 12.12 per cent, up from 8.89 per cent recorded in January.

In a stat...