The latest report by the National Bureau of Statistics indicates that in July 2024, the headline inflation rate eased to 33.40%, compared to 34.19% in June 2024.
Looking at the movement, the July 2024 headline inflation rate decreased by 0.8% compared to June 2024.
On a month-on-month basis, the headline inflation rate in July 2024 decreased to 2.28% from 2.31% in June 2024, indicating a positive trend in the economy.
This indicates a lower rate of increase in the average price level in July 2024 compared to June 2024.
The food inflation rate also showed a decrease from 40 per cent in June to 39.53 per cent in July.
WISDOM ONIEKPAR IKULI The title of this piece is coined from the story of Israelites…
The Executive Chairman of Ojodu LCDA, Lagos State, Hon Segun Odunmbaku, has called on youths…
CYRIACUS IZUEKWE A 40-year-old man, Michael Alabi, was on Tuesday arraigned before an Ikeja Magistrate…
ADEOLA OGUNLADE The Executive Chairman of Ikeja Local Government, Comrade Akeem Olalekan Dauda (AKOD), has…
A delegation of the Orashi National Congress, ONC, on Tuesday, August 11, 2026, paid a…
CYRIACUS IZUEKWE Two men, Saheed Kareem, 24, and Adebakin Ope, 25, were arraigned before an…