BREAKING: Nigeria’s inflation increases for twelfth time, hits 28.20%

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In December, Nigeria’s headline inflation rose to 28.92 per cent from 28.20 per cent in November, according to the consumer price index report released by the National Bureau of Statistics.

This marks the twelfth consecutive increase in inflation for the country in 2023.

The National Bureau of Statistics disclosed its consumer price index, and the CPI report for December was released on Monday.

The figure represents the twelve consecutive times the country’s inflation soared in 2023.

More details to come. ..

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