The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate rose to 22.79% in June from 22.41% recorded in May.
In its Consumer Price Index Report for June 2023, the NBS said the June 2023 headline inflation rate showed an increase of 0.38% points when compared to the previous month.
“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),” it said.
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