BIG STORY

BREAKING: Food Inflation Rate Hits 35.4% In Nigeria As Inflation Rises To 29.9%

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The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 29.9 percent in January 2024, up from 28.92 percent in the previous month.

This was disclosed by the National Bureau of Statistics (NBS) in its CPI report for January released on Thursday.

According to the bureau, food inflation also surged to 35.5 percent in the month under review.

 

More to come…

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