The National Bureau of Statistics (NBS) yesterday said owing to the soaring cost of food, electricity, gas and others, inflation rate rose from 28.20% in November 2023 to 28.92% in December 28.92%.
This was contained in its document titled: “Consumer Price Index December 2023,” which was release in Abuja.
NBS said, “In December 2023, the headline inflation rate increased to 28.92% relative to the November 2023 headline inflation rate which was 28.20%.”
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According to the data, in the period under review, food and non -alcoholic beverages contributed 1.18% to inflation rate.
NBS also said housing, water, electricity, gas and other fuel accounted for 0.38%, while clothing and footwear contributed 0.17%, transport was responsible for 1.15%.