Nigeria’s inflation rate rises to 12.82% as food prices soar

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A new report by the National Bureau of Statistics, shows that Nigeria’s inflation rate rose further in July 2020 to 12.82% (year-on-year). This is a 0.26% increase in the rate recorded in June 2020 (12.56%).

On a month-on-month basis, the Headline index increased by 1.25 percent in July 2020. This is 0.04 percent rate higher than the rate recorded in June 2020 (1.21) percent. Read on through this link

Nigeria’s inflation rate rises to 12.82% as food prices soar

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