• NEWS
    • Politics
      • World News
    • Business
    • Sport
    • Entertainment
    • Health
  • Election 2023
  • Journalist Hangout
  • Issue With Jide
  • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Privacy Policy
    • Cookies Policy
Friday, March 24, 2023
  • Login
TVC News
  • NEWS
    • Politics
      • World News
    • Business
    • Sport
    • Entertainment
    • Health
  • Election 2023
  • Journalist Hangout
  • Issue With Jide
  • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Privacy Policy
    • Cookies Policy
No Result
View All Result
  • NEWS
    • Politics
      • World News
    • Business
    • Sport
    • Entertainment
    • Health
  • Election 2023
  • Journalist Hangout
  • Issue With Jide
  • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Privacy Policy
    • Cookies Policy
No Result
View All Result
TVC News
No Result
View All Result

Nigeria’s inflation drops to 17.38% in July- NBS

Latest news about Nigeria's inflation by NBS

Inflation in Nigeria has decreased for the fourth month in a row, to 17.38% from 17.75% in June.
This was revealed by the National Bureau of Statistics on Tuesday.

The reduction in the Consumer Price Index (CPI), which monitors the rate of change in prices of goods and services, was attributed to an increase in food costs.

According to the Bureau, the composite food index fell 21.03% in July compared to 21.83% in June.

Advertisement

In May, food inflation was 22.28 per cent according to official data.

Although food costs rose in July compared to June, the increase was attributed to rises in the prices of milk, cheese, and eggs, coffee, tea, and cocoa, vegetables, bread and cereals, soft drinks, and meat, according to the National Bureau of Statistics.

Food inflation was highest in Kogi (28.51%), Enugu (24.57%), and Lagos (24.57%), according to the National Bureau of Statistics (24.04%).

Advertisement

On the other hand, Akwa Ibom grew the slowest, at 17.85%, followed by Bauchi (17.74%), and Abuja (16.67%).

“However, on a month-to-month basis, food inflation in July 2021 was highest in Kebbi (2.98 percent), Yobe (2.81), and Delta (1.98 percent), while price deflation or negative inflation was recorded in Sokoto, Akwa Ibom, and Imo (general decrease in the general price level of food or a negative food inflation rate),” according to the NBS.

Advertisement
Next Post
Angry youths protest killing of 15-year old by Amotekun officers in Ibadan

Angry youths protest killing of 15-year old by Amotekun officers in Ibadan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

YouTube player

We Celebrate All Mothers’

YouTube player
Nigeria News

We bring you all the latest and breaking news happening in Nigeria. You will also find interesting headline topics from news from around the world on different topical issues in Politics, Health, Business, Entertainment, Environment, Sports, and more.

Follow Us

  • HOME
  • Privacy & Policy
  • ADVERT RATE
  • Contact

© 2022 TVC Communications - Owner of TVC News

No Result
View All Result
  • NEWS
    • Politics
      • World News
    • Business
    • Sport
    • Entertainment
    • Health
  • Election 2023
  • Journalist Hangout
  • Issue With Jide
  • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Privacy Policy
    • Cookies Policy

© 2022 TVC Communications - Owner of TVC News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In