Nigeria’s headline inflation rate declined to 33.40 per cent in July, says the National Bureau of Statistics, NBS.
This is contained in the NBS Consumer Price Index, CPI, and Inflation Report for July, which was released on Thursday in Abuja.
The figure is 0.8 per cent points lower than 34.19 per cent recorded in June.
On a year-on-year basis, the headline inflation rate in July 2024 was 9.32 per cent higher than the rate recorded in July 2023 at 24.08 per cent.
On a month-on-month basis, the headline inflation rate in July 2024 was 2.28 per cent, which was 0.03 per cent lower than the rate recorded in June 2024 at 2.31 per cent.
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