Nigeria inflation rate January ,

Nigeria’s headline inflation rate hits 21.82% in January

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By: Joseph Inokotong – Abuja

Inflation rate in Nigeria rose again to 21.82 percent in January 2023, compared to December 2022 when it declined to 21.34 percent.

This is contained in new data released on Wednesday by the National Bureau of Statistics (NBS) in Abuja.

Looking at the trend, the January 2023 inflation rate showed an increase of 0.47 percent points when compared to December 2022 inflation rate.

According to the NBS, the headline inflation rate for last month is 6.22 percent points higher compared to the 15.60 percent recorded in January 2022.

Last December the inflation rate had eased to 21.34 percent from 21.47 percent recorded in the previous month.

Details later…

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