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Inflation Hits 16.47%, Highest Since April 2017

Lagos

Lagos

 

Nigeria’s inflation rate has increased drastically to 16.47 per cent in January of 2021.

 

The new figure of consumer price index, which measures the rate of increase in the price of goods and services is the highest point since April 2017.

 

The report released by the National Bureau of Statistics shows that food inflation has also crossed the 20 per cent mark.

 

Details later…

 

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