Nigeria’s June inflation surge marginally despite hike in petrol prices

Nigeria’s headline inflation rate accelerated marginally for the sixth consecutive time to 22.79 percent in June, according to data by the National Bureau of Statistics (NBS) released Monday. The inflation rate in Africa’s biggest economy rose to a new 17-year high of 22.79 percent in June 2023 from 22.41 percent in the previous month. Analysts
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