Nigeria’s inflation rate rose to 22.79% in the month of June 2023, representing a 0.38% points increase from 22.41% recorded in the previous month.
Nigeria
Nigeria witnessed a year-long increase in food prices, particularly for key ingredients such as beef, tomato, and rice, as food inflation rises by 1.13% year on year to 24.19%
Nigeria’s headline inflation rate rose to 22.22% in April 2023, a 0.18% point higher than the 22.04% recorded in the previous month.
The Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters since exiting the recession in 2020, the Central Bank of Nigeria (CBN) said Tuesday.
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