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JUST IN: Nigeria’s Inflation Rises To 21.91%
Nigeria’s 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.
READ ALSO: How Naira Depreciation, Spiraling Energy Cost Took Nigeria Inflation To 21.47% In November 2022
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.
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