- A new report from the National Bureau of Statistics has announced a drop in Nigeria’s inflation rate and food inflation rate
- According to the NBS report, the headline inflation rate declined by 0.3 percentage points, while the food inflation rate decreased by 0.08 percentage points
- The new inflation figures show that the rise in food prices has slowed compared to the previous month.
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate declined in July 2024.
