Nigeria’s inflation to hit 23.35% in July – FDC

Nigeria’s headline inflation rate is projected to increase by 0.56 percent to 23.35 percent in July 2023 from 22.79 percent in the previous month, analysts at Financial Derivatives Company Limited, led by economist Bismarck Rewane have said.

In the latest economic bulletin on Tuesday, the company said the inflation rate would mark the seventh consecutive monthly increase and the highest inflation rate in 18 years.

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