Business
Nigeria’s inflation rate increases to 34.19% amid rising food prices
Nigeria’s inflation rate rose to 34.19 percent in June 2024 — up from 33.95 percent in May.
The data is captured in the National Bureau of Statistics (NBS) in its consumer price index (CPI) report for June, released on Monday.
The CPI measures the rate of change in prices of goods and services.
According to the bureau, food inflation also surged to 40.87 percent in the month under review as prices of food and non-alcoholic beverages continued to surge.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
