Tag: Inflation weakens naira by 15% in 2022 – NESG Report

It read in part, “A further breakdown of the inflation numbers showed that the Food and Core inflation averaged 20.6 per cent and 15.8 per cent, respectively, in 2022. Since the country relied heavily on imports for manufactured and industrial intermediate goods, global inflationary pressure permeated all productive activities in Nigeria. “Domestically, a combination of…