Nigeria’s Inflation Rate Rises To 22.04%, Highest In 18years

 

Nigeria’s headline inflation has increased to 22.04 per cent in March 2023 the National Bureau of Statistics (NBS) has disclosed.

The new figure brings the country’s rise in food and services closer to an 18-year high.

According to the NBS, the headline inflation rate of 22.04 per cent is 0.13 per cent points higher when compared to February 2023 headline inflation rate.

But when compared to the same period last year, it noted that the figure was 6.13 per cent points higher.

The rate was 9.6% as at December 2015

 

Related posts

Breaking; National Assembly Service Commission Appoints Kamoru Ogunlana As Clerk to the National Assembly CNA.

Rest in peace, Lagbaja: Nigerian Chief of Army Staff passes away at age 56.

Civil Society Demands Presidential Action as Wike Allegedly Orchestrate Secret 500-Hectare Land Grab for Private Estate