Inflation in Nigeria picked up again in January, hitting 21.82% in annual terms, driven by higher food inflation, its statistics agency said on Wednesday.
Inflation had risen in Africa's biggest economy for 10 straight months, prompting a string of interest rate hikes from the central bank, before a dip to 21.34% in December.
Food inflation, which accounts for the bulk of Nigeria's inflation basket, rose to 24.32% in January from 23.75% in December. High inflation, weak economic growth and mounting insecurity are major issues for voters as Nigeria heads for"The contributions of items on a class basis to the increase in the headline index are: bread and cereal, actual and imputed rent, potatoes, yam and tuber, vegetable and meat," the National Bureau of Statistics said in its inflation report.
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