Fiscal News: Headline Inflation rises to 29.9%

The rising cost of production, elevated transport prices, sustained insecurity and weaker Naira pushed Food and Headline Inflation to 355.41 per cent and 29.90 per cent respectively.

As the rising costs of goods and services in the country persists, the National Bureau of Statistics (NBS) has released the January 2024 headline inflation rate which increased to 29.90 per cent relative to the December 2023 headline inflation rate which was 28.92 per cent.

Food inflation similarly rose to 35.41 per cent compared to 33.93 per cent which it was in December last year.


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