Economy: Nigeria’s inflation rate hits 21.34%
The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities increased by 5.72 per cent to 21.34 per cent year on year in December compared to 15.63 per cent in December 2021, the National Bureau of Statistics (NBS) stated yesterday. Month-on-month inflation also rose to 1.71 per cent … [Read more…]