The National Bureau of Statistics (NBS) on Thursday said the headline inflation rate increased year-on-year (YoY) by 0.98 percentage points to 29.9 per cent in January 2024 from 28.92 per cent in December 2023.
The Bureau disclosed this in its Consumer Price Index, CPI, report for January 2024, noting that food inflation also increased to 35.41 per cent during the period from 33.93 per cent in December 2023.
According to reports, the National Bureau of Statistics said the rate of increase in the average price level in January is greater than the rate of increase in the average price level in December 2023.
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