Abuja – Nigeria’s inflation rate has hit 21.91 per cent.
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The figure is 0.09 per cent higher than the 21.82 per cent recorded in January 2023.
This was contained in a Consumer Price Index report released on Wednesday by the National Bureau of Statistics (NBS).
The 0.09% rise followed the cash crunch the country is currently battling 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. (vitalnewsngr.com)
