Latest data by the National Bureau of Statistics, (NBS), has shown that headline inflation rose to 34.80% in December 2024, relative to the November 2024 headline inflation rate of 34.60%. The food inflation rate in December 2024 was 39.84% on a year-on-year basis, a 5.91% percentage points higher when compared to the rate recorded in December 2023 (33.93%). The NBS said the rise in food inflation on a year-on-year basis was caused by increases in prices of some food items, including yam, sweet potatoes and beer. The December 2024 inflation…
Read MoreNigeria’s inflation rate rises to 34.80%
