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NIGERIA INFLATION RATE HITS 19.64%

Nigeria’s inflation rate hits 19.64%; highest since 2005...The Consumer Price Index (CPI), which measures the rate of change in prices of goods and services, surged to 19.64 percent in July 2022, up from 18.60 percent in the previous month...The rate is the highest recorded since September 2005.The National Bureau of Statistics (NBS) said this on… Continue reading NIGERIA INFLATION RATE HITS 19.64%

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NIGERIA’S INFLATION RATE HITS 18.60% IN THE HIGHEST IN 5 YEARS.

Nigeria’s inflation rate increased to 18.60 per cent in June, up from 17.71 per cent in the previous month, the National Bureau of Statistics (NBS) has said...NBS in its consumer price index (CPI) report for June 2022, released on Friday, July 15, said the figure is 0.84 percent points higher compared to June 2021, which… Continue reading NIGERIA’S INFLATION RATE HITS 18.60% IN THE HIGHEST IN 5 YEARS.