Nigeria’s headline inflation quickens to 34.80% in December 2024, puts rate hike in focus

Nigeria’s headline inflation quickened in December 2024 to 34.80% due to increased food prices and heightened consumer spending during the holidays, according to data from the National Bureau of Statistics (NBS). The latest figures, up from 34.60% reported in November, puts another interest rate hike in focus at the next Monetary Policy Committee meeting in February. 

Food and transport…