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.”
