Inflation stands at 11.8 per cent, says agency
The National Bureau
of Statistics says inflation rate stood at 11.8 per cent in December.
It said in a statement on Tuesday in Abuja that the figure was lower
than the 12.8 per cent recorded in November.
According to the
statement, the Composite Consumer Price Index went up by 1.29 per cent
to 114.2 points, compared with 112.8 observed in November.
The statement
attributed the increase in the index mainly to the increase in the
prices of some food items such as meat, fish, oil and fat, vegetables
and fruits.
Leave a Reply