Nigeria’s annual inflation rate ticked up as expected to 34.19 percent in June.
Month-on-month, headline inflation grew by 0.17 percent to 2.31 percent in June 2024 from 2.14 percent in May 2024 which is the first increase after two broad-based declines since October 2023.
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According to the National Bureau of Statistics Inflation fastened to 34.19 percent June 2024 from 33.95 percent in May 2024, for the eightteenth consecutive month was driven by food and non-alcoholic beverages.
