Business

Nigeria’s Inflation Rate Increases To 27.3% Amidst Rising Food Prices

The National Bureau of Statistics (NBS) has announced on Tuesday, that the Nigeria’s inflation rate increases to 27.3% amid rising food prices

According to their report, The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose up from 26.72 percent in the previous month.

This figure marks the tenth consecutive rise in the country’s inflation rate this year.

Choma Kalu

Follow us on:

Chioma Kalu

Recent Posts

Anambra Lacks Regulatory Framework For Crowd Control, Says Information Commissioner Law Mefor

Anambra lacks formal crowd control law but is working on a regulatory framework, says state…

5 hours ago

Akugbe Iyamu: We Must Be Prepared For Severe Droughts, Hunger in 2025

Retired Air Vice Marshal Akugbe Iyamu has called for urgent preparations for drought, heatwaves, and…

6 hours ago

Romania Set To Form New Government With Marcel Ciolacu As Prime Minister

Romania's president Klaus Iohannis is expected to designate Prime Minister Marcel Ciolacu to form a…

6 hours ago

Nigeria Announces Public Holidays for Christmas and New Year Celebrations

Federal Government of Nigeria has declared public holidays to mark Christmas and New Year festivities…

7 hours ago

IGP Orders Investigation into Death of Ilorin Detainee Jimoh Abdulquadri in Police Custody

IGP Egbetokun has ordered an investigation into Jimoh Abdulquadri’s death in police custody, promising justice…

10 hours ago

Trump Dismisses Claims That Elon Musk Holds Real Power Behind US President-Elect

Donald Trump has rejected suggestions that Elon Musk is the true influence behind the newly…

10 hours ago