Breaking: Nigerians end 2023 with an increase in the inflation rate, reaching 28.92% for December

Nigeria’s inflation rate for December rose to 28.92% from 28.20% recorded in the previous month.

The increase marks the eleventh consecutive increase in the inflation rate from February 2023. 

Examining the trend, the headline inflation rate for December 2023 experienced a rise of 0.72 percentage points in comparison to the November 2023 headline inflation rate.