Nigeria’s inflation dipped in December to 21.34 per cent from 21.47 per cent in November after 10 straight monthly increases, the National Bureau of Statistics (NBS) said on Monday.
The NBS report stated that food inflation dropped to 23.75 per cent in December from 24.13 per cent a month earlier, amid skyrocketed prices of staples.
The NBS had attributed rising inflation to a sharp increase in demand ahead of the holiday season amid the rising cost of production.
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