In 2022, the country’s inflation rate rose from January to November, before falling by 0.13 per cent to 21.34 per cent in December. The NBS explained that while headline inflation fell year-on-year, it increased from 1.39 per cent in November 2022 to 1.71 per cent in December 2023.
Headline inflation in Nigeria rose from 15.60 per cent in January 2022 to 21.34 per cent in December 2022. In its ‘Consumer Price Index ,’ the NBS said, “In December 2022, the headline inflation rate eased to 21.34 per cent compared to November 2022 headline inflation rate which was 21.47 per cent. “This means that in the month of December 2022, the general price level was 0.32 per cent higher relative to November 2022. The percentage change in the average CPI for the twelve months ending December 2022 over the average of the CPI for the previous twelve months period was 18.85 per cent, showing 1.89 per cent increase compared to the 16.95 per cent recorded in December 2021.”
Nigeria has been ravaged by rising inflation in recent times. Recently, the World Bank disclosed that the country is in a worsening situation, with economic performance becoming weaker as inflation persists.
It's just a politics not reality
How significant is 0.13% fall? Make una dey play o..... Arrant gibberish
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Group names Fayemi Yoruba Man of Year 2022 | The Guardian Nigeria News - Nigeria and World NewsThe immediate past governor of Ekiti State, Dr. Kayode Fayemi, has been named “Yoruba Man of the Year 2022” by IrohinOodua Publishers, the first Pan Yoruba online media established in 2010. Man of the year for doing what? Nigeria’s are the problem of theme selfie
Source: GuardianNigeria - 🏆 1. / 94 Read more »
‘The Real Housewives of Lagos’ Top Showmax’s Most-watched Shows in 2022 – THISDAYLIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
House Of The Dragon, Flawsome, Diiche, Others Among Showmax’s Most-watched Shows In 2022Africa’s homegrown video streaming service Showmax has just released its most-watched shows of 2022. The Real Housewives of Lagos, which was no surprise on
Source: LeadershipNGA - 🏆 4. / 77 Read more »
PenCom Cushions Unemployment as 40,646 RSA Holders Accessed N26.9bn in 2022 – THISDAYLIVEAnyone who drinks Alcohol&says the Truth is better than he who drink anointed oil&lies, Mr Buhari should arrange for a Certificate of Survival for those who Survive his brutally against Nigerians, insurgency&insecurity created by his administrative Nepotism,We vote for Peter Obi
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
FG, states pardoned 707 inmates in 2022 – InvestigationNo fewer than 707 inmates were pardoned by the Federal and state governments between January 1 and December 31, 2022, The PUNCH reports. This one that inmates are being pardoned few weeks to election? These are the thugs that murdered people o. Released to act again this election. So sad. What's the criteria for pardon sef. We need transparency. DavidHundeyin pls help us o 😪 Do they really deserve it?
Source: MobilePunch - 🏆 8. / 63 Read more »
Delta Air Lines records $45.6bn revenueDelta Airlines has announced its $45.6bn revenue in profit for the year ended 2022.
Source: MobilePunch - 🏆 8. / 63 Read more »