Business

Just-in: Nigeria Records Highest Rise in Inflation Rate in 3 Years

Ololade Adeyanju/

Nigeria’s inflation rate increased by 15.75% (year-on-year) in December 2020, the highest rate recorded in three years.

This is contained in the latest Consumer Price Index report, released by the National Bureau of Statistics (NBS).

According to the record, the latest figure is 0.86% points higher than the rate of 14.89% recorded in November 2020.

Food inflation rose by 19.56% in December compared to 18.3% recorded in the previous month, while core inflation stood at 11.37%, up by 0.32% when compared to 11.06% recorded in November 2020.

More to come….

0
Editor

Recent Posts

More Deaths in Lebanon as Hizbollah Walkie-talkies Explode in Second Day of Blasts

Femi Ashekun/ Handheld walkie-talkies used by Hizbollah were detonated across Lebanon today, the militant group…

1 day ago

Humanitarian Crises in Nigeria Demand Collective Action – UN Rep Fall

… Identifies Challenges and Solutions for Humanitarian Interventions In an exclusive interview, Mohamed Malick Fall,…

1 day ago

Massive Gunrunning Syndicate Busted as Police Arrest Thousands in Major Crime Operation

Segun Atanda/ In a nationwide crackdown on crime, the Nigeria Police Force has arrested 2,740…

2 days ago

Race against Crime: AIG Fayoade Passes Baton to New Lagos CP, Moves to Zone 2 Command

Segun Atanda/ Former Lagos State Commissioner of Police, Adegoke Fayoade, officially handed over to his…

2 days ago

Focus on NLNG, Not Dangote Refinery

By Ifeanyi Igwebike Mbanefo/ On 17 September 2016, I was scrolling through Cable online news…

2 days ago

FBI Investigates Assassination Attempt on Donald Trump at Florida Golf Course

Matilda Omonaiye/ The FBI is investigating another apparent assassination attempt on former President Donald Trump…

3 days ago