The National Bureau of Statistics (NBS), has said the headline inflation rate increased year-on-year (YoY) by 0.98 percentage points to 29.9 per cent in January 2024 from 28.92 per cent in December 2023. The Bureau disclosed this in its Consumer Price Index, CPI, report for January 2024 on Thursday, noting that food inflation also increased to 35.41 per cent during the period from 33.93 per cent in December 2023. It said, “In January 2024, the headline inflation rate increased to 29.9 per cent relative to the December 2023 headline inflation…
Read MoreNigeria’s Inflation Hits 29.9% As Food Prices Soar
