Nigeria’s inflation Hits 18.60% In June
Nigeria’s inflation rate in the month of June 2022 increased to 18.60 percent on a year-on-year basis.
The National Bureau of Statistics disclosed in its Consumer Price Index June 2022 report.
Read Also: Rise In Prices Of Cereal, Bread, Yam, Others Escalate Nigeria’s Inflation
The recorded increase in June is 0.84 percent points higher compared to the rate recorded in June 2021, which is 17.75 percent.
This implies that the headline inflation rate increased in the month of June 2022 when compared to the same month in the previous year (June 2021).
