Nigeria’s inflation jumps to 24.08% in July — NBS

,,,,,Nigeria’s headline inflation jumped to 24.08 per cent in July 2023, the National Bureau of Statistics has revealed.

This is the highest recorded leap in 2023 and a while.

……In June, inflation was recorded at 22.79 per cent, but has now jumped by 1.29 percentage points.

The NBS said, “In July 2023, the headline inflation rate rose to 24.08 per cent relative to June 2023 headline inflation rate which was 22.79 per cent.

,,,,,,,“Looking at the movement, the July 2023 headline inflation rate showed an increase of 1.29 per cent points when compared to June 2023 headline inflation rate.