Nigeria’s inflation eases for second month despite rise in food prices

Nigeria’s inflation rate dropped for the second consecutive month, falling to 32.15% in August 2024 from 33.40% in July, according to the National Bureau of Statistics (NBS). While the dip offers some relief, analysts warn that rising food and core inflation continue to weigh heavily on household finances. Economist Emmanuel Akpan views the decline [...]The post Nigeria’s inflation eases for second month despite rise in food prices appeared first on National Daily Newspaper.

Read More