Nigeria’s inflation rate up from 22.41, hits 22.79 in June

Nigeria’s inflation rate rose from 22.41 per cent in May 2023 to 22.79 per cent for June 2023, according to the latest report released by the National Bureau of Statistics (NBS) on Monday.

The NBS which revealed in its Consumer Price Index (CPI) noted that the inflation rate jumped 0.38 per cent from 22.41 per cent recorded in May of the same year.

“On a year-on-year basis, the Headline inflation rate was 4.19% points higher compared to the rate recorded in June 2022, which was 18.60%.

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