Nigerian Inflation Rate Hits 34.8%, Triggers Fears Of Rising Prices, Hardship
LAGOS JANUARY 16TH (NEWSRANGERS)-Nigeria’s inflation rate rose to 34.8% in December 2024, up from 34.6% in November, driven by increased demand for goods and services during the festive season. This was revealed in the Consumer Price Index (CPI) report for December 2024, published by the National Bureau of Statistics (NBS). The NBS stated: “In December…