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| Food-inflation ©(c) provided by Pulse Nigeria |
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 34.19% in June 2024.
The NBS said this in its Consumer Price Index (CPI) and Inflation Report for June, which was released in Abuja on Monday. According to the report, the figure is 0.24% points higher compared to the 33.95% recorded in May 2024.
It showed that on a year-on-year basis, the headline inflation rate in June 2024 was 11.40% higher than the rate recorded in June 2023 at 22.79%. In addition, the report showed, that on a month-on-month basis, the headline inflation rate in June 2024 was 2.31%, which was 0.17% higher than the rate recorded in May 2024 at 2.14%.
“This means that in June 2024, the rate of increase in the average price level is higher than the rate of increase in the average price level in May 2024.”
Full story at Pulse NG.
By News Agency of NG.
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