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Nigeria Inflation Rate Falls

Nigeria ๐Ÿ‡ณ๐Ÿ‡ฌ Economy & Trade

4 articles from 1 country

Nigeria's headline inflation rate eased to 15.43% in July from 15.91% in June, according to the National Bureau of Statistics. Despite the overall decrease, food inflation accelerated during the same period.

๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria/English

Nigeria's inflation falls to 15.43% in July as food prices rise

- Nigeria's headline inflation rate decreased to 15.43% in July from 15.91% in June. - Food inflation, however, accelerated to 20.31% year-on-year in July, up from 17.52% in June. - Core inflation, excluding volatile items, moderated significantly, suggesting easing price pressures outside of food.