The National Bureau of Statistics (NBS) disclosed on Monday that Nigeria’s inflation rate has increased to 15.6 percent in December 2021. The Bureau disclosed this in its consumer price index. This, however, comes after recording eight months of consecutive decline since last April. NBS also said, “The composite food sub-index rose by 17.37 percent in December 2021 down by 2.19 percent points when compared to 19.56 percent in December 2020”. The report added, “This rise in the food sub-index was caused by increases in prices of Bread and cereals, Food products n.e.c, Meat, Fish, Potatoes, yam and other tubers, Soft drinks, and fruit”.