Business
JUST IN: Nigeria Records Highest Inflation Rate In 17 years
JUST IN: Nigeria Records Highest Inflation Rate In 17 years
Nigeria’s inflation rate rose to 19.64 per cent in July, the National Bureau of Statistics (NBS) said on Monday.
The Consumer Price Index (CPI), which measures the rate of change in prices of goods and services, surged from 18.60 per cent in the previous month.
It is the highest since September 2005.
The NBS said that on a month-on-month basis, the Headline inflation rate in July 2022 was 1.817 per cent, which was 0.001 per cent higher than the rate recorded in June 2022 (1.816 per cent).
“The percentage change in the average CPI for the twelve months period ending July 2022 over the average of the CPI for the previous twelve months period was 16.75%, showing a 0.46% increase compared to 16.30% recorded in July 2021,” the report said.
Stay Updated With More News By Joining Our WhatsApp Group With The Link Below
-
Politics2 weeks agoTinubu Makes Fresh Appointment
-
Latest News3 days agoBreaking Political Barriers: Okpebholo Names Enugu-born Igbo Leader to Edo Cabinet
-
Politics5 days agoTinubu Makes New Ambassadorial Appointments, Seeks Senate Confirmation
-
Latest News1 week agoBreaking: Okpebholo Backs Words With Action As Edo Moves To Establish Special Court For Cultism And Kidnapping Cases, Writes Chief Judge
-
Latest News6 days agoOjirami Shines at Night: Akoko-Edo Residents Hail Engr. Abubakar Momoh Over NDDC Solar Street Light Project
-
Latest News1 week agoBandits’ Captivity Death: Widow Rejects Illness Claims, Reveals What K!lled General Rabe
-
Politics2 weeks ago36 Governors Reveal Their Stance On State Police
-
Sports3 days agoFull List: Every Team Eliminated From The 2026 World Cup So Far
-
Politics1 week agoVIDEO: Shettima, Atiku, Masari, Governors Storm Special Prayer For Tinubu’s Late Mother
-
Entertainment2 weeks agoDayo Amusa Blasts Peter Obi: “You Can’t Criticize Government And Hide Your Plans
-
Latest News2 weeks agoYou Can’t Sign Chequebooks!’ — Wike Issues Tough Warning To FCT Area Council Chairmen
-
Latest News3 days agoShake-Up In Nigerian Army As COAS Redeploys Top Officers — Full List Emerges