Nigeria workers count salary losses as inflation ends 2022 at 21.34 percent

• The latest data from the National Bureau of Statistics shows inflation figures ended 2022 at 21.34 percent
• Except for the month of December 2022,  Nigeria’s inflation rate increased monthly during the year
• The year’s soaring inflation caused huge losses in the value of Nigerian workers’ salaries

Nigeria’s inflation rate dropped to 21.34% in the month of December 2022 from 21.47 percent recorded in November 2022.

This is the first time Nigeria’s headline inflation rate dropped on a month-on-month basis in 2022.

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