Nigeria’s December inflation rate quickens to 33-month high on rising food cost

Food inflation rose by 19.56 percent month-on-month compared to 18.30 percent in November 2020.

The consumer price index, (CPI) which measures inflation accelerated by 15.75 percent in December 2020, a 0.86 percent point increase from 14.89 percent in November 2020, marking the 16th-consecutive uptrend since September 2019 and the highest in 33 months, a BusinessDay analysis shows. Data fro

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