Nigeria's Inflation hits 15.75%, highest level in three years NEWS
Views: 523 The inflation rate in Nigeria closed 2020 on a high hitting 15.75 percent in December, its highest level in three years. This is according to statistics released on Friday by the National Bureau of Statistics.a It shows an increase of 0.86 percent from the 14.89 percent recorded in November last year. “The consumer price index, (CPI) which measures inflation increased by 15.75 percent (year-on-year) in December 2020. This is 0.86 percent points higher than the rate recorded in November 2020 (14.89) percent,” the NBS revealed in its statistics. The spike beats the expectations ...
Source: theadvocatengr.com