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Nigeria’s Inflation has risen to 15.75%, the highest since 2017.
According to data released by the National Bureau of Statistics,
Inflation stood at 15.75% in December, compared with 14.89% in November 2020, marking the 16th straight month of increase.
This current consumer inflation rate is the highest since November 2017, when it stood at 15.90 per cent.
The NBS also added that the composite food index rose by 19.56% in December from 18.30% in November.
This rise in the food index was caused by increases in prices of bread and cereals, potatoes, yam, and other tubers, meat, fruits, vegetable, fish and oils, and fats,” it added.
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