Food Prices Shoot Up As Nigeria’s Inflation Rises To 12.82 Percent
The Nigeria Bureau of Statistics (NBS) has released the Consumer Price Index (CPI)/Inflation report for the month of July 2020, with the country’s headline inflation rising to 12.82 per cent from 12.56 per cent in June.
According to the report, food inflation also rose to 15.48 percent in July from 15.18 percent in the previous month.
The report indicates that core inflation rose to 10.10 percent from 10.13 percent in June.
July 2020 CPI/Inflation report published @ https://t.co/WrjMVTzaPm
YEAR on YEAR:
Headline Inflation at 12.82% in July 2020 from 12.56% in June 2020. Food inflation at 15.48% in July 2020 from 15.18% in June 2020. Core Inflation at 10.10% in July 2020 from 10.13% in June 2020 pic.twitter.com/RfTd2yh0p3
— Dr Yemi Kale (@sgyemikale) August 17, 2020
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