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BREAKING: Nigeria’s inflation rate rises to 24.08% — highest in more than 10 years
 
By: Abara Blessing Oluchi
Tue, 15 Aug 2023   ||   Nigeria,
 

The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 24.08 percent in July 2023 — up from 22.79 percent in the previous month.

The latest figure is the seventh consecutive rise in the country’s inflation rate this year.

The National Bureau of Statistics (NBS) captured the nation’s inflationary trend in its CPI report for July 2023, released on Tuesday.

Details later…

 

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