Inflation in the United States remained unchanged at 2.7 percent in December, the same level recorded in November, as Nigeria prepares to release its own consumer price index (CPI) figures later this week.
Data released on Tuesday by the US Bureau of Labor Statistics showed that Decemberās inflation rate continues to sit well above the Federal Reserveās long-term target of 2 percent.
On a month-on-month basis, the CPI rose by 0.3 percent. Meanwhile, core inflationāwhich excludes the more volatile food and energy componentsāincreased by 0.2 percent during the period.
Commenting on the figures, Chief US Economist Samuel Tombs said the increase was largely ādriven by the unwind of distortionsā linked to the longest government shutdown in US history under former President Donald Trump, rather than by strong underlying economic momentum.
DAILY POST reports that while the US inflation data for December has now been released, Nigeriaās inflation figures are expected on January 15, 2026.
In Nigeria, inflation eased to 14.45 percent year-on-year in November, down from 16.05 percent recorded in October.
However, the National Bureau of Statistics has recently projected a potential spike in the December inflation data, raising expectations ahead of the official release.
US Inflation remains flat in December as Nigeria awaits CPI data release
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