Nigeria’s inflation rate eased to 21.34 percent in December

2022 from 21.47 percent in November 2022, first drop in

about 11 months.

The National Bureau of Statistics (NBS) in its latest inflation

report showed a decline of 0.13 percent between November

and December.

However, on a year-on-year basis, the headline inflation rate

was 5.72 percent points higher compared to the rate recorded

in December 2021, which was (15.63 percent).

By Israel Adebiyi