Nigeria’s inflation rate has hit 21.91%, compared to January 2023 inflation rate which was 21.82%.
Gatekeepers News reports that this disclosed in a recent Consumer Price Index report by the National Bureau of Statistics on Wednesday.
The 0.09% rise followed the cash crunch the country is currently battling 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.
This is a developing story.
