#DailyDataCard: Nigeria’s inflation rate hits 26.72% in September
#DailyDataCard: Nigeria’s inflation rate hits 26.72% in September
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#DailyDataCard: Nigeria’s inflation rate hits 26.72% in September
Moreover, the Nigerian government, in recent years, has been suffering from revenue issues which have resulted in budget deficit and ultimately increasing borrowing.
The National Bureau of Statistics reported that Nigeria’s inflation rate in December 2022 was 21.34%. The headline inflation rate dropped by 0.60%, marking Nigeria’s first decline in inflation in 11 months.
After an eight-month steady decline, Nigeria’s inflation rate picked up in December 2021. Though the increases were marginal, it ended the reign of the season of decline.