Just in: Nigeria’s Inflation Rate hits 34.19 per cent

0
36

Skyrocketing cost of food items pushed monthly inflation to an all-time high figure of 34.19 per cent in the month of June 2024.

As reported, the new inflation is relative to the May 2024 headline inflation of 33.95%.

The National Bureau of Statistics (NBS) confirmed the latest development on Monday in its monthly inflation report.

In one month, the inflation rate was 2.31%.

Advertisement

Food inflation remains high at 40.87% in June 2024.

On a year-on-year basis, the headline inflation rate was 11.40% points higher compared to the rate recorded in June 2023, which was 22.79%.

Stay ahead with the latest updates! Join The ConclaveNG on WhatsApp and Telegram for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!

Join Our WhatsApp Channel Join Our Telegram Channel

Leave a ReplyCancel reply