Breaking: Nigeria’s Inflation Rate Hits 34.19% Amid Soaring Food Prices

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Naijanews July 15, 2024 11:51 a.m.

Breaking: Nigeria’s Inflation Rate Hits 34.19% Amid Soaring Food Prices

Looking at the movement, the June 2024 headline inflation rate showed an increase of 0.24% points when compared to the May 2024 headline inflation rate,” the NBS said in its Consumer Price Index (CPI) – which measures the average change over time in the prices of goods and services consumed by people for day-to-day living.

The release read,“In June 2024, the headline inflation rate increased to 34.19% relative to the May 2024 headline inflation rate, which was 33.95%..

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