This is higher than the country’s January 2023 inflation rate which was 21.82%.
It represents a 0.09% point increase.
The rise in the inflation rate followed the naira crisis across the country and uncertainties relating to the just concluded presidential election.
The NBS said the rise in food inflation was caused by increases in prices of oil and fat, fish, meats, vegetable, yam and other tubers, bread and cereals, and other foods.
In other news, Kanyi Daily reported that more than 900 suspected terrorist collaborators of Boko Haram/Islamic State West Africa Province insurgents have been arrested by troops of Sectors 3 and 4 of the Multinational Joint Task Force (MNJTF).
Nollywood actress Peggy Ovire has confirmed that her marriage to actor Frederick Leonard has officially…
Nigerian music star Burna Boy will join a lineup of international artists for the first-ever…
Asiya El-Rufai, one of the wives of former Kaduna State Governor Nasir el-Rufai, has alleged…
The Department of State Services (DSS) has arrestey of a journalist Zainab Sodiq after she…
Former Managing Director of the Port Harcourt Refining Company (PHRC), Ahmed Dikko, has pleaded not…
Peter Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), has claimed that President…