Despite slowing inflation, Nigerians contend with squeezing wallets
Although January’s inflation showed a slight decline to 15.60 percent from 15.63 percent in December 2021, inflationary pressures have continued to squeeze consumers’ pockets, according to FBN Quest. In December, there was an out-of-trend increase in inflation which was attributed to price upticks associated with the year-end holiday season, nevertheless, base effects have remained positive.
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