BREAKING: Nigeria’s inflation rate surges to 19.64% in July 2022

BREAKING: Nigeria’s inflation rate jumps to 16.82% in April 2022, highest in 8 months

In July 2022, Nigeria’s inflation rate increased to 19.64% from the previous month’s figure of 18.6%. This is supported by the National Bureau of Statistics’s recently issued CPI report for the month of July 2022. (NBS).

From a reading of 20.6% in June 2022, food inflation increased to 22.02%. The NBS claims that rises in the cost of bread and cereals, food items, potatoes, yams, and other tubers, as well as meat, fish, oil, and fat are to blame for the rise in food inflation.

BREAKING: Abdulrasheed Maina Extradited to Nigeria (Video)

In the same vein, the core inflation, which excludes the prices of volatile agricultural produce increased to 16.26% in the month of July 2022, from 15.75% recorded in the previous month.

The highest increases were recorded in prices of Gas, Liquid fuel, Solid fuel, Passenger transport by road, Passenger transport by Air, Garments, Cleaning, Repair and Hire of clothing.

Watch moment Former President Goodluck Jonathan arrived Aso Villa for a meeting with Buhari (video)

Stay Connected , follow us on: Facebook: @creebhillsdotcom, Twitter: @creebhillsblog, Instagram: @creebhills, Pinterest: @creebhills Telegram: creebhills

To place an advert/sponsored post on our site, contact us via [email protected]
Previous articleCrossdresser Jay Boogie stirs drama as he tries to clarify his double s3xuality
Next article“Senior man wetin dey occur?” – Bobrisky dragged after revealing his new ‘skin peeling’ process
Pro Blogger, Online Content Developer with over 3 years of experience


Please enter your comment!
Please enter your name here