Home > Breaking news > Nigeria’s Inflation Hits 32-month Peak Of 15.75% On Spiraling Food Prices

Nigeria’s Inflation Hits 32-month Peak Of 15.75% On Spiraling Food Prices

Nigeria’s inflation rose to 15.75 per cent in December, its highest level in 32 months, Abuja-based National Bureau of Statistics said on Friday, as President Muhammadu Buhari’s order reopening the country’s borders to trade failed to arrest the relentless climb in the cost of living.

Inflation had touched 14.89 per cent in November, with the 0.86 per cent month-on-month increase last month figure marking the 16th consecutive month inflation would increase in Africa’s largest economy.

More details later…

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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