Nigeria News
Nigeria’s inflation rate hits 19.64%
The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 19.64 percent in July 2022, up from 18.60 percent in the previous month.
The development indicates a 1.82% month-on-month increase — and the highest inflation rate recorded since September 2005
The National Bureau of Statistics (NBS) said this on Monday in its consumer price index (CPI) report for July 2022.
On a month-on-month basis, NBS said the headline inflation rate in July 2022 was 1.817 %, which was 0.001% higher than the rate recorded in June 2022 (1.816 %).
“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 reads.
More to follow…
Chelsea condemn homophobic abuse after Sam Kerr announces pregnancy
Ngoumou backs Lookman for African Player of the Year
Messi equals international assist record in Argentina’s victory over Peru
AFCON 2025: 24 countries qualify for tournament (FULL LIST)
Guardiola extends Manchester City stay, marking 10 years at the club
Gernot Rohr eyes 2026 World Cup after securing Benin’s AFCON spot
Ortom sues Gov Alia’s aide for defamation, seeks N1 billion damages
Benue Assembly summons LG chairmen, directors over exploitation allegations
Five soldiers killed, ten wounded in Boko Haram/ISWAP ambush in Borno
Wike denies being blocked from Aso Rock Villa due to alcohol
CBN exposes fake SWIFT messages, issues warning
