Nigeria’s inflation rate hits 22.79% in June – NBS

The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for June, which was released in Abuja on Monday, July 17, 2023. According to the report, the figure is 0.38% points higher compared to the 22.41% recorded in May.

It said on a year-on-year basis, the headline inflation rate in June was 4.19% higher than the rate recorded in June 2022 at 18.6%.

Pulse: Read More