JUST IN: For 11th consecutive month, Nigeria’s inflation rate rises, hits 28.92% for December

Nigeria’s inflation rate has continued its upward increase, hitting 28.92 in December 2023 up from 28.20% recorded in the previous month of November 2023.

The increase marks the eleventh consecutive increase in the inflation rate since February 2023.

The National Bureau of Statistics disclosed this on Monday in its consumer price index, and the CPI report for December.