L
LequteMan
Guest
According to reports from the National Bureau of Statistics, Nigeria's inflation rate climbed up to 9.6% in December 2015.
“The Headline Index increased by 9.6 per cent (year-on-year), 0.2 per cent points higher from rates recorded in November," the December Consumer Price Index (CPI)/ Inflation Report issued by the NBS in Abuja.
“The increase in the headline index is driven in part by higher prices within key divisions which contribute to the index.
“In particular, imported food items within the food and non-alcoholic beverages divisions, alcoholic beverage, tobacco and kola, clothing and footwear and transportation divisions all impacted the index,’’ it said.
It added that the food sub-index increased to 10.6 per cent (year-on-year) during the month, 0.3 per cent points from rates recorded in November.
“The Headline Index increased by 9.6 per cent (year-on-year), 0.2 per cent points higher from rates recorded in November," the December Consumer Price Index (CPI)/ Inflation Report issued by the NBS in Abuja.
“The increase in the headline index is driven in part by higher prices within key divisions which contribute to the index.
“In particular, imported food items within the food and non-alcoholic beverages divisions, alcoholic beverage, tobacco and kola, clothing and footwear and transportation divisions all impacted the index,’’ it said.
It added that the food sub-index increased to 10.6 per cent (year-on-year) during the month, 0.3 per cent points from rates recorded in November.
