Business
Just in: Nigeria’s inflation rate rises to 22.79 in June
Headline inflation rate rose to 22.79 per cent in June relative to May 2023 headline inflation rate which was 22.41 per cent, the National Bureau of Statistics (NBS) has said.
In its CPI and Inflation Report June 2023, the Bureau noted that the figure indicates a 0.38 percentage point increase when compared to May 2023 headline inflation rate.
On a year-on-year basis, the Headline inflation rate was 4.19% points higher compared to the rate recorded in June 2022, which was 18.60%.
This shows that the Headline inflation rate (year-on-year basis) increased in June 2023 when compared to the same month in the preceding year (i.e., June 2022).
Details loading…
-
Aviation7 days agoNigeria ends third-party visa processing in U.S, directs applicants to embassy, consulates
-
Business7 days agoFCCPC floors Air Peace as Court upholds authority to probe airline fare complaints
-
Business1 week agoSEC sets July 10 deadline for Q2 ownership, capital flows returns
-
News7 days agoEdo Police impose movement restriction ahead of Saturday’s LG’s elections
-
Comments and Issues7 days ago‘Olodo Uprising’: When anti-intellectualism threatens good governance
-
Business7 days agoHeavy reliance on portfolio inflows threatens Nigeria’s $51bn reserves — EBC
-
Business5 days agoNCC chief highlights trust as key to Nigeria’s digital transformation
-
Latest3 days agoLagos NURTW organising secretary Toba Ajiboye dies after gunmen attack