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Monday, August 17, 2020

Nigeria suffers highest inflation rate since March 2018

Nigeria’s inflation rate grew to 12.82% (year-on-year) in July, compared to 12.56% recorded in June 2020, the statistics office said on Monday.

The National Bureau of Statistics report shows that July Consumer Price Index rose by about 0.26 percent points higher than the 12.56 per cent recorded in June, indicating the highest rate since March 2018.

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