Food Prices Push Nigeria's Inflation Higher in December
The National Bureau of Statistics has said that the Consumer Price Index, which measures inflation, increased to 11.44 percent in December from 11.28 percent, the highest inflation figure in seven months. The increase in inflation rate, according to financial experts, can be attributed to consumers' spending during the 2018 Christmas season.
The annual inflation rate dropped to 11.26% in October compared to 11.28% recorded in September. However, despite the decline in inflation figures, food prices have continued to ... Read more »
The inflation rate for goods and services, rose for the second time in two months after 18 months of consecutive decline. Read more »
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