12.9 C
New York
Wednesday, September 27, 2023

Buy now

Nigeria’s inflation rate rises to 21.91% amid naira redesign policy

Nigeria inflation rate has risen to 21.91%, compared to January 2023 inflation rate which was 21.82%.

The percentage represents a 0.09% point increase.

This was disclosed in a recent Consumer Price Index report by the National Bureau of Statistics on Wednesday.

The rise in the inflation rate followed the naira crisis across the country and uncertainties relating to the just concluded presidential election.

The NBS said the rise in food inflation was caused by increase in prices of oil and fat, fish, meats, vegetable, yam and other tubers, bread and cereals, and other foods.

Details soon…

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -spot_img

Latest Articles