Nigeria’s Inflation Drops to 33.40% in July, First Decline in Nearly Two Years

Nigeria’s headline inflation rate saw its first decline in over a year, dropping to 33.40% in July 2024 from 34.19% in June 2024, according to the National Bureau of Statistics (NBS). This marks a significant shift, as inflation has been steadily rising since December 2022, when it last decreased to 21.34%. The slight decrease of [...]The post Nigeria’s Inflation Drops to 33.40% in July, First Decline in Nearly Two Years appeared first on Tekedia.

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