The 12th straight monthly increase in consumer inflation is exacerbating a cost of living crisis in Africa's largest economy.

It's also piling pressure on Nigeria's central bank to raise interest rates.

Its Governor Olayemi Cardoso is yet to hold a rate-setting meeting since taking office in September.

According to the National Bureau of Statistics, consumer inflation was up from 28.2% in November to 28.92% in December.

That's the highest level since mid-1996.

The food inflation rate, which accounts for the bulk of Nigeria's inflation basket, went from 32.84% the month before to 33.93% in December.

The statistics office said prices rose for a broad range of food items including bread and cereal, oil, fish, meat, fruit and eggs.

Analysts say higher fuel prices and a weaker naira currency have also stoked price pressures.

Last May, President Bola Tinubu embarked on Nigeria's boldest economic reforms in decades.

He scrapped a costly but popular fuel subsidy and devalued the currency to try to revive economic growth.

However, growth is yet to pick up and inflation has worsened.