The National Bureau of Statistics (NBS) on Friday said the prices of some food items in Nigeria increased in December. In December 2022, the headline inflation rate eased to 21.34 per cent compared to November 2022 headline inflation rate which was 21.47 per cent. In terms of trend, December 2022 inflation rate showed a decline of 0.13 per cent when compared to November 2022 inflation rate, NBS said in its inflation report. “On a month-on-month basis, the average price of this item increased by 1.07 per cent in December 2022,” the statistics office added. Cross-rivers recorded the highest average price of 1kg onion bulb at N1,013.96, while the lowest was reported in Kogi at N198.12.

Source: The Guardian January 28, 2023 01:03 UTC