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Nigeria’s inflation rate hits 24.08% — highest in more than 10 years
  • August 15, 2023
  • Unity Times
nigeria market

The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 24.08 percent in July 2023 — up from 22.79 percent in the previous month.

The latest figure is the seventh consecutive rise in the country’s inflation rate this year.

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The National Bureau of Statistics (NBS) captured the nation’s inflationary trend in its CPI report for July 2023, released on Tuesday.

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