Nigeria inflation rate has risen to 21.91%, compared to January 2023 inflation rate which was 21.82%.
The percentage has increased by 0.09% points.
This was revealed in a recent Consumer Price Index report released on Wednesday by the National Bureau of Statistics.
The rise in the inflation rate followed the naira crisis across the country and uncertainties relating to the just concluded presidential election.
The NBS said the rise in food inflation was caused by increase in prices of oil and fat, fish, meats, vegetable, yam and other tubers, bread and cereals, and other foods.
Details soon…