Nigeria’s Inflation Rate Rises To 20.52% In August
Sep 21, 2022 ·
1m 8s
The National Bureau of Statistics says Nigeria’s inflation rate rose to 20.52 per cent in August 2022. The Bureau stated that in August 2022, on a year–on–year basis, the headline...
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The National Bureau of Statistics says Nigeria’s inflation rate rose to 20.52 per cent in August 2022.
The Bureau stated that in August 2022, on a year–on–year basis, the headline inflation rate was 20.52%.
This was 3.52% points higher compared to the rate recorded in August 2021, which was 17.01%.
The percentage change in the average CPI for the twelve months period ending August 2022 over the average of the CPI for the previous twelve months period was 17.07%, showing a 0.47% increase compared to 16.60% recorded in August 2021.
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The Bureau stated that in August 2022, on a year–on–year basis, the headline inflation rate was 20.52%.
This was 3.52% points higher compared to the rate recorded in August 2021, which was 17.01%.
The percentage change in the average CPI for the twelve months period ending August 2022 over the average of the CPI for the previous twelve months period was 17.07%, showing a 0.47% increase compared to 16.60% recorded in August 2021.
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