Nigeria, Jan. 30 -- The vast majority of Nigerian firms and families think that the inflation rate is high right now.

The Central Bank of Nigeria's (CBN) December 2024 Inflation Expectations Report states as much.

According to the report, 83.5% of households and 80.6% of businesses believe that inflation is high, which indicates the ongoing economic challenges that consumers and businesses must contend with.

The results show that worries about Nigeria's rising cost of living and conducting business are becoming increasingly prevalent.

According to the National Bureau of Statistics (NBS), Nigeria's headline inflation rate was 34.80% in December 2024.

Businesses' Perceptions of Inflation According to the survey, opinions on inflation f...