Nigeria’s inflation rate hits 5-year high at 18.60%

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The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 18.60 percent in June 2022, up from 17.71 percent in the previous month.

Nigeria’s inflation rate hits 5-year high at 18.60%

The National Bureau of Statistics (NBS) said this in its consumer price index (CPI) report for June 2022, released on Friday.

This is the highest since February 2017.