Inflation in Nigeria Increases to 16.47%
Nigeria’s headline inflation rose to 16.47 per cent in January 2021, the National Bureau of Statistics said on Tuesday. Buoyed by galloping food prices, food inflation also rose to 20.57 per cent in January, from 19.56 per cent in December. Inflation soared at 15.75 per cent in December, its highest level in 32 months, with the 0.86…