BREAKING: Nigeria’s Inflation Rate Increases Amid Rising Food Prices
Nigeria’s inflation rate rose to 34.19 percent in June 2024 — up from 33.95 percent in May.
The data is captured in the National Bureau of Statistics (NBS) in its consumer price index (CPI) report for June, released on Monday.
The CPI measures the rate of change in prices of goods and services.
According to the bureau, food inflation also surged to 40.87 percent in the month under review as prices of food and non-alcoholic beverages continued to surge.
More to follow…
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