Inflation defies border reopening order, peaks at 15.75% YoY

December inflation Border reopening

Inflation defies border reopening order, peaks at 15.75% YoY   Inflationary pressure on cost of items in Nigeria has raged on unabated in December as headline inflation peaked at 15.75 per cent year-on-year in the month, setting highest record in 32 months. The National Bureau of Statistics (NBS) disclosed in its just released consumer price index (CPI) report for December that inflation spiked by 0.86 percentage points in December, compared with November 2020 record of 14.89 per cent. According to the report, increases were recorded in all Classification of Individual…

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