Inflation in Nigeria soars to 21.82 percent, driven by food
People queue to withdraw money in Kano, northwest Nigeria. Nigeria National Bureau of Statistics on February 15, 2023 said the country's inflation rose by 21.82 per cent driven by food inflation. PHOTO | PIUS UTOMI EKPEI | AFP
Statistics agency in Nigeria on Wednesday said the country’s inflation picked up again in January, hitting 21.82 percent in annual terms and driven by higher food inflation.
Inflation had risen in Africa's biggest economy for 10 straight months, prompting a string of interest rate hikes from the Nigeria Central Bank, before a dip to 21.34 percent in December.
