Nigeria’s inflation rate rose to 29.90% in january 2024, from 28.92% in december 2023. High food prices and a weaker naira are the.
The national bureau of statistics (nbs) has released the latest inflation data for nigeria, which revealed a marked increase in the headline inflation rate from. , opens new tab, which accounts for the bulk of nigeria’s inflation basket, rose to 40.66% from 40.53% the previous month.
Looking At The Trend, The January 2023 Inflation Rate Showed An Increase Of 0.47% Points When Compared To December 2022 Inflation Rate.
The international monetary fund (imf) has predicted a decline in nigeria’s inflation rate to 23 percent in 2024 and 15.5 percent in 2025.
The 2022 Average Figure Was 18.8%.
Inflation rate in nigeria increased to 33.69 percent in april from 33.20 percent in march of 2024.
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Nigeria’s Inflation Rate Increased To 33.2% For The Month Of March 2024 According To The Latest Data From The National Bureau Of Statistics (Nbs).
This is the highest it has been in two decades.
, Opens New Tab, Which Accounts For The Bulk Of Nigeria's Inflation Basket, Rose To 40.66% From 40.53% The Previous Month.
