The Consumer Price Index, which measures inflation increased by 15.75 per cent in December 2020 compared to 14.48 per cent in November of the same year, according to figures released yesterday by the National Bureau of Statistics .
According to the NBS, the core index recorded highest increases in prices of passenger transport by air, medical services, hospital services, shoes and other footwear, passenger transport by road, miscellaneous services relating to the dwelling, hairdressing salons and personal grooming establishments, repair of furniture, vehicle spare parts, pharmaceutical products, motor cars, maintenance and repair of personal transport equipment, paramedical services, motor cycle, dental services and...
On the other hand, Bauchi, Abia, and Nasarawa recorded the slowest rise with 16.53 per cent, 16.04 per cent and 15.71 per cent respectively. On month on month basis however, December all item inflation was highest in Nasarawa 2.30 per cent, Gombe 2.20 per cent and Akwa Ibom 2.16 per cent while Ekiti 0.87 per cent, Rivers 0.67 per cent and Ebonyi 0.61 per cent recorded the slowest rise in headline inflation.
God help us.
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.