Inflation jumps to 24.08% in July, new NBS report says

The National Bureau of Statistics (NBS), in its latest report, said Nigeria’s headline inflation jumped to 24.08 per cent in July 2023.

Ripples Nigeria reports that headline inflation in the country for the month of June was recorded at 22.79 per cent, with that of July jumping by 1.29 percentage points.

“In July 2023, the headline inflation rate rose to 24.08 per cent relative to June 2023 headline inflation rate which was 22.79 per cent.

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