- This increment represents a 2.72 per cent increase, compared to the figure recorded in November.
The National Bureau of Statistics, NBS, on Monday announced that Nigeria’s food inflation has risen by 2.72 per cent.
The announcement is contained in the agency’s Consumer Price Index, CPI, report for December 2023.
In the CPI released on Monday, Nigeria’s food inflation rose to 33.93 per cent in December 2023, from 32.83 per cent recorded in November 2023.
This increment represents a 2.72 per cent increase, compared to the figure recorded in November.
The report indicated a 10.18 per cent increment compared to the rate recorded in the corresponding period in 2022.
The food inflation on a Month-on-Month basis was caused by a rise in the average prices of Oil and fat, Meat, Bread and Cereals, Potatoes, Yam & Other Tubers, Fish and Milk, as well as Cheese and Egg, according the agency.
Within Nigeria had reported that Nigeria’s headline inflation rose to 28.92 per cent in December for the twelfth consecutive time in 2023.
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