BREAKING: Nigeria’s inflation rate hits 28.9%

The National Bureau of Statistics (NBS), says Nigeria’s inflation rate is now at 28.9%.

This was disclosed in the NBS December 2023 Consumer Price Index (CPI) which was released on Monday afternoon.

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The CPI measures the rate of change in the prices of foods and services. Before Monday’s release, the country’s inflation rate was at 28.20 as of November 2023.

Details soon…..