Food Inflation Records Highest Jump Since 2016.
According to TheCable reports, food inflation in Nigeria increased by 1.26 percent on a year-on-year basis from 18.30 percent in November 2020 to 19.56 percent in December.
This is according to the December 2020 consumer price index/inflation report released by the National Bureau of Statistics on Friday.
TheCable checks showed that this is the biggest jump in food inflation since May 2016 when it rose from 13.19 percent in April of that year to 14.86 percent.
All items index, according to the report, which measures inflation increased from 14.87 percent in November to 15.75 percent.
This represents an increase of 0.86 percentage points.
Kanye West, has been let go by his talent agency after a lengthy antisemitic outburst on social media. This action… Read More
Davido marked the 70th birthday of Oba Adesola Lawal, the Timi of Ede, in a grand way. The king celebrated… Read More
A Nigerian man has told the painful story of how his wife, whom he financed through university and purchased a… Read More
In a heartwarming viral video, Bella Shmurda takes his son and Mohbad’s son to school, spreading happiness. Mohbad, a gifted… Read More
The National Association of Nigerian Students (NANS) has criticized the attack on a lecturer at Nnamdi Azikiwe University by a… Read More
Nollywood actress Bolaji Ogunmola has raised alarm on her Instagram page. She expressed her disappointment that despite her tough exterior,… Read More
This website uses cookies.