Nigeria's inflation hits new high, food prices skyrocket | Nigeria News Today. Your online Nigerian Newspaper

2

Data released by the National Bureau of Statistics, NBS, has announced that annual inflation in Nigeria rose in January to 18.72 percent from 18.55 percent in December, signifying a continued hike in goods and services.


It is the highest inflation point for the country since the index started rising several months ago.

A separate food index showed inflation at 17.82 percent from 17.39 percent in December, the statistics office said.

This implies that the price of food materials keep getting more and more expensive.

The majority of Nigerians live below $3 per day. This will make things more unbearable for them.

Post a Comment Default Disqus

  1. It is very wrong to say majority of Nigerians live below $3 per day when then the actually just existing with less than 50 cents ( about #250)

    ReplyDelete
  2. Yet this MUMU government is telling her blind supporters, such as Babalawo Saeed, Yang, Khalid, Taurani, Abdulkadir and many more useless annoying Anonymous, that 'they' are coming out of recession.

    ReplyDelete

Nigeria News Comments are Moderated. Clean Comments will be swiftly approved. No swear words, no racism, allowed.

 
Top