Nigeria's year-on-year Consumer Price Index (CPI) which measures inflation remained unchanged at eight per cent in January, from same rate in December 2013, according to figures from the National Bureau of Statistics (NBS) which was released yesterday.
"Food prices have risen at about the same rate year-on-year over the past three months at 9.3 percent. Prices of yams, potatoes and other tubers increased at relatively the same rate over December and January, while prices rose at a faster rate in meat, fish, dairy and fruit classes. Price increases in the food sub-index were weighed down by moderate increases in the vegetables, and oils and fats classes," it stated.
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