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…
Soaring rice prices threaten Christmas celebrations for Nigerian families
Panic as Stage collapses during Odumodublvck’s performance at Lagos concert
2025 Budget: FG allocates ₦6.36bn for renovation of Tinubu, Shettima’s official quarters
Black Market Dollar to Naira Exchange Rate Today 22nd December 2024
NNPC debunks shutdown rumors, confirms fuel loading at Port Harcourt Refinery
‘We have to find a way’ – Guardiola laments after defeat to Aston Villa
Usyk beats Fury in heavyweight rematch
Southampton name Ex-Roma boss, Ivan Juric as new manager
EPL: Jesus double leads Arsenal’s five-goal rout against Crystal Palace
27 feared dead in Stampede at Christmas rice distribution event in Anambra
Tinubu honours Abuja, Anambra stampede victims, cancels all Lagos events
