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Reading: NBS: Nigeria’s Food Inflation Rises to 33.93% in December, Up from 32.83%
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NBS: Nigeria’s Food Inflation Rises to 33.93% in December, Up from 32.83%

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: January 16, 2024
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The National Bureau of Statistics (NBS) has reported that Nigeria’s food inflation climbed to 33.93% in December 2023, marking a notable increase from the 32.83% recorded in November of the same year.

The Consumer Price Index (CPI) report for December, released by the NBS on Monday, revealed a 2.72% rise in food inflation on a month-on-month basis.

This increase is linked to the surge in the average prices of essential food items, including oil and fat, meat, bread and cereals, potatoes, yam, and other tubers, fish, and milk, as well as cheese and eggs.

The report highlighted a 10.18% increment in food inflation compared to the rate recorded in the corresponding period in 2022.

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
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