BREAKING: Nigeria’s Inflation Reaches Highest In 10 Years

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—the highest in more than 10 years.

This, Parallel Facts gathered, rose from 22.79 percent in the previous month.
The latest figure is the seventh consecutive rise in the country’s inflation rate this year.

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