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Nigeria’s Inflation Rate Drops To 17.7% In June

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Nigeria’s Inflation Rate Drops To 17.7% In June

Nigeria’s Inflation has yet again fallen to 17.75% as the economy steadily improves.

The country’s inflation rate dropped further in the month of June 2021 to 17.75% from 17.93% recorded in May 202!. This represents the third consecutive decline in headline inflation.

This is according to the latest consumer price index report, released by the National Bureau of Statistics (NBS).

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The report stated that food inflation stood at 21.83% in June 2021 compared to 22.28% in May 2021 while core inflation which excludes the prices of volatile agricultural produce dropped from 13.15% recorded in May 2021 to 13.09% in the review period.

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