Nigeria’s inflation rises to 28.92 percent for the twelfth time.

Nigeria’s headline inflation has increased to 28.92 per cent in December from 28.20 per cent in November.
The National Bureau of Statistics disclosed its consumer price index and the CPI report for December on Monday.
The figure represents the twelve consecutive times the country’s inflation soared in 2023.
Looking at the movement, the December 2023 headline inflation rate showed an increase of 0.72 percent points when compared to the November 2023 headline inflation rate.
On a year-on-year basis, the headline inflation rate was 7.58 per cent points higher compared to the rate recorded in December 2022, which was 21.34 per cent.