BREAKING: Nigeria’s inflation rate drops to 11.22% in June 2019

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Nigeria’s consumer price index, which measures inflation, drops to 11.22% in June 2019. This is revealed in the lastest inflation report released, today, by the National Bureau of Statistics (NBS).

According to the NBS report, inflation dropped by 0.18% points year-on-year, lower than the 11.40% rate recorded in May 2019.

Also, food inflation slowed down at 13.56% from 13.79% in June 2019, while Core inflation dropped to 8.80% from 9.00% recorded in the previous month.

Details Soon.

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