Nigeria’s inflation declines but market prices still high
Inflation declined by 0.13 percent in December 2022, but this has an insignificant impact on prices of goods and services.
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Inflation declined by 0.13 percent in December 2022, but this has an insignificant impact on prices of goods and services.
Nigeria’s inflation rate has enjoyed a steady, marginal decline from March 2021 to September 2021. The drop recorded in September 2021 represents the sixth consecutive decline.
More than 80 million Nigerians are in extreme poverty, living on less than N400 per day (approximately $1). This number represents 40.9 percent of the population