News | Events | Digital PR | Advertising

Home Features Inflation hits 22.79% as prices rise for 6th consecutive month
FeaturesNews

Inflation hits 22.79% as prices rise for 6th consecutive month

Share
Share

Nigeria’s annual inflation rate has increased for the 6th consecutive month, hitting 22.79 per cent in June up from 22.41 per cent in May.

The National Bureau of Statistics in its latest consumer price index report published on Monday, noted that the June inflation rate showed an increase of 0.38 per cent points when compared to May 2023 headline inflation rate.

The NBS said on a year-on-year basis, the Headline inflation rate was 4.19 per cent points higher compared to the rate recorded in June 2022, which was 18.60 per cent.

According to the report, the food inflation rate spiked to 25.25 per cent in June from 24.82 per cent in May.

You can read the June Inflation report here.
Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
celebrityFeatures

Obi Cubana Gifts Pastor Jerry Eze Latest Samsung Galaxy Z Fold 7 & Flip 7 in Heartfelt Gesture

Nigerian entrepreneur Obi Cubana has made headlines once again, this time gifting...

News

Outrage as UNIZIK Law Student Ajana Isabella Dies After Being Denied Access to Diabetes Medication

Tragedy has struck Nnamdi Azikiwe University, Awka, as a promising law student,...

News

Olubadan of Ibadan, Oba Owolabi Olakulehin, Dies Two Days After 90th Birthday

The Olubadan of Ibadanland, Oba Owolabi Olakulehin, has passed away at the...

EntertainmentFeatures

Reekado Banks Returns with New Album -“The Game Needs You”

Reekado Banks has made a triumphant return to the spotlight with the...